GBP/USD – 30M – BUYThe pair British Pound/US Dollar (GBP/USD) breaks through the bearish trendline up.
A bullish movement up to the next resistance line at 1.34562 is expected.
Caution: A possible reversal of the trend in the direction of the support level at 1.34008 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘%K crosses above %D’ indicator layout is found. The indicator shows ‘%K crosses above %D’. which could be a positive chart scenario. The currency pair could go up.
Additionally a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. this is usually a bullish chart scenario. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.34944 |
| 2nd High | 1.34911 |
| Next High | 1.34562 |
| Current Price | 1.34349 |
| Next Low | 1.34008 |
| 2nd Low | 1.33383 |
| 3rd Low | 1.33113 |
1.34562 – 1.34911 – 1.34346 – 1.34008 – 1.3425 – 1.3439 —
1.34259 – 1.34405 —
46.351980782643 – 51.268933547027 —
– —
1.34562 – 1768966200
Trading Signals: FOREX – GBP – GBP/USD – USD – – – – – – – – – –