The currency pair Euro/British Pound (EUR/GBP) breaks through the bullish trendline upwards
A continuation of the uptrend upwards to the next resistance at 0.86922 is certain.
Caution: A possible reversal of the trend in the direction of support at 0.86631 could occur.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. this is usually a bullish signal. The currency pair is likely to rise.
There is also a ‘Northern Doji’ candle chart pattern is found. The candles show ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87248 |
| 2nd High | 0.87085 |
| Next High | 0.86922 |
| Current Price | 0.86821 |
| Next Low | 0.86631 |
| 2nd Low | 0.86601 |
| 3rd Low | 0.86526 |
0.86761 – 0.86776 – 0.86793 – 0.86631 – 0.86601 – 0.86526 —
0.86766 – 0.86805 —
62.977420694841 – 60.080883179357 —
– —
0.86761 – 1768582800
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – Rising Wedge Chart Pattern – – – – – – – –