The combination British Pound/US Dollar (GBP/USD) jumps from the bullish trendline upwards
A continuation of the upward movement up to the next resistance level at 1.37703 is certain.
Caution: A possible reversal of the trend in the direction of the support line at 1.37199 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. this is usually a bullish signal. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.37703 |
| Current Price | 1.37312 |
| Next Low | 1.37199 |
| 2nd Low | 1.37162 |
| 3rd Low | 1.35903 |
1.37703 – 1.37647 – 1.36333 – 1.37199 – 1.37162 – 1.35903