GBP/USD – 1H – BUYThe combination British Pound/US Dollar (GBP/USD) jumps from the ascending trendline up.
A continuation of the upward movement upwards to the next resistance line at 1.34637 will persist.
Caution: A possible change in the direction of the support zone at 1.34191 could happen.
Consider stop-loss settings accordingly.
There is also a ‘Bullish Tri-Star’ candle pattern is discovered. The candles show ‘Bullish Tri-Star’. which is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Tri-Star’ going up is 60% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.35165 |
| 2nd High | 1.34944 |
| Next High | 1.34637 |
| Current Price | 1.34398 |
| Next Low | 1.34191 |
| 2nd Low | 1.33893 |
| 3rd Low | 1.33566 |
1.34637 – 1.34944 – 1.34856 – 1.34191 – 1.33893 – 1.34154 —
1.34637 – 1.34413 —
55.593637606326 – 48.356181558344 —
1.34637 – 1768406400 —
– 1768406400
Trading Signals: FOREX – GBP – GBP/USD – USD – Bullish Tri-Star – – – – – – – – –