GBP/USD – 1H – SELLFurthermore a ‘Double bottom chart pattern’ chart formation is existing. The chart picture shows ‘Double bottom chart pattern’. this is a bullish pattern signal. The currency pair is likely to go up.
The pair British Pound/US Dollar (GBP/USD) jumps from the bearish trendline downwards
A continuation of the downward movement down to the next support line at 0 will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 0 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0 |
| 2nd High | 0 |
| Next High | 0 |
| Current Price | 1.37661 |
| Next Low | 0 |
| 2nd Low | 0 |
| 3rd Low | 0 |
1.37403 – 1.37523 – 1.37703 – 1.36739 – 1.36827 – 1.35903
Trading Signals: FOREX – GBP – GBP/USD – USD – – Double bottom chart pattern