Buy GBP/USD – 30M – BUY

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.31447 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance zone at 1.31447 could happen.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘Bullish Belt Hold’ candlestick pattern is detected. The candles show ‘Bullish Belt Hold’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

Next a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which could be a positive chart scenario. The currency pair could go up.

Support & Resistance Price Range*
3rd High
2nd High 1.32072
Next High 1.31447
Current Price 1.30620
Next Low 1.29846
2nd Low 1.27428
3rd Low 1.27243

1.31447 – 1.30472 – 1.28637 – 1.29846 – 1.27428 – 1.27509

Download GBP/USD Signal Image

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