GBP/USD – 4H – BUYThe pair British Pound/US Dollar (GBP/USD) jumps from the bearish trendline up.
The bullish trend up to the next resistance level at 1.25754 is considered certain.
Caution: A possible counter-trend in the direction of support at 1.23521 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Three White Soldiers’ candle pattern is existing. The chart forms ‘Three White Soldiers’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.27283 |
| 2nd High | 1.26073 |
| Next High | 1.25754 |
| Current Price | 1.23101 |
| Next Low | 1.23521 |
| 2nd Low | |
| 3rd Low |
Trading Signals: FOREX – GBP – GBP/USD – USD – Three White Soldiers