GBP/USD – 30M – BUYAdditionally a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The currency pair is likely to fall.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.31293008 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of support at 1.31925 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Matching Low’ candle chart pattern is existing. The chart shows ‘Matching Low’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.32182 |
| 2nd High | 1.32002 |
| Next High | 1.31925 |
| Current Price | 1.31469 |
| Next Low | 1.31415 |
| 2nd Low | 1.31353 |
| 3rd Low | 1.31074 |
1.31925 – 1.3174 – 1.32002 – 1.31415 – 1.31353 – 1.3148 —
1.31613 – 1.31580 —
51.708406246181 – 46.940639368995 —
– —
1.31925 – 1763389800
Trading Signals: FOREX – GBP – GBP/USD – USD – Matching Low – Double bottom chart pattern – – – –