GBP/USD – 1H – BUYMoreover a ‘Double bottom chart pattern’ chart pattern is found. The chart shows ‘Double bottom chart pattern’. this is a bullish pattern signal. The currency pair is likely to go up.
The currency pair British Pound/US Dollar (GBP/USD) breaks through the bearish trendline upwards
A bullish movement upwards to the next resistance at 1.31174 will continue.
Caution: A possible counter-trend in the direction of the support level at 1.308 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.3176 |
| 2nd High | 1.31231 |
| Next High | 1.31174 |
| Current Price | 1.31341 |
| Next Low | 1.308 |
| 2nd Low | 1.30382 |
| 3rd Low | 1.3037 |
1.31174 – 1.31088 – 1.31231 – 1.308 – 1.30382 – 1.3037 —
1.31150 – 1.31400 —
48.886568888717 – 61.233081778048 —
– —
1.31174 – 1763996400
Trading Signals: FOREX – GBP – GBP/USD – USD – – Double bottom chart pattern – – – – – – – –