Buy EUR/GBP – 30M – BUY

The pair Euro/British Pound (EUR/GBP) breaks through the bullish trendline up.

A continuation of the uptrend up to the next resistance line at 0.85460 is expected.

Caution: A possible change in the direction of the support line at 0.85028 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Northern Doji’ candlestick pattern is found. The candles form ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

Support & Resistance Price Range*
3rd High 0.85649
2nd High 0.85472
Next High 0.85460
Current Price 0.85150
Next Low 0.85028
2nd Low 0.84768
3rd Low 0.84717

0.85460 – 0.84839 – 0.84883 – 0.85028 – 0.84768 – 0.84717

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