GBP/USD – 30M – BUYThere is also a ‘Inverted Hammer’ candlestick chart pattern is found. The candles show ‘Inverted Hammer’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Inverted Hammer’ going up is 65% (Bull Market).
There is also a ‘Double top chart pattern’ chart pattern is found. The formation shows ‘Double top chart pattern’. which is a negative chart scenario. The currency pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.34023 |
| 2nd High | 1.33767 |
| Next High | 1.33558 |
| Current Price | 1.32705 |
| Next Low | 1.32599 |
| 2nd Low | 1.32551 |
| 3rd Low | 1.32471 |
1.33558 – 1.33767 – 1.33668 – 1.32797 – 1.33225 – 1.33330
Trading Signals: FOREX – GBP – GBP/USD – USD – Inverted Hammer