GBP/USD – 1H – BUYFurthermore a ‘Bullish Meeting Lines’ chart pattern is existing. The candles show ‘Bullish Meeting Lines’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Meeting Lines’ heading up is 56% (Bull Market) & 52% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.27873 |
| 2nd High | 1.27283 |
| Next High | 1.27253 |
| Current Price | 1.25687 |
| Next Low | 1.25246 |
| 2nd Low | 1.25067 |
| 3rd Low | 1.24870 |
Trading Signals: FOREX – GBP – GBP/USD – USD – Bullish Meeting Lines