EUR/GBP – 30M – BUYThe pair Euro/British Pound (EUR/GBP) breaks through the bearish trendline up.
A bullish movement upwards to the next resistance at 0.86490 is considered certain.
Caution: A possible reversal of the trend in the direction of the support line at 0.86227 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Northern Doji’ candle pattern is discovered. The chart shows ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.86716 |
| 2nd High | 0.86707 |
| Next High | 0.86490 |
| Current Price | 0.86377 |
| Next Low | 0.86227 |
| 2nd Low | 0.86081 |
| 3rd Low | 0.86054 |
0.86490 – 0.86455 – 0.86707 – 0.86227 – 0.86231 – 0.86592 — 48.623144580696 – 49.031345276624 — 65.76017817838 – 94.162962962963 – 47.321781959465 – 69.044100173598
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – – –