Besides a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a positive chart scenario. The pair is likely to go up.
Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend will persist. Target of the current trend is 1.34911 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of resistance at 1.34911 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Northern Doji’ candlestick chart pattern is existing. The chart forms ‘Northern Doji’. 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 ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.35165 |
| 2nd High | 1.34944 |
| Next High | 1.34911 |
| Current Price | 1.34967 |
| Next Low | 1.34015 |
| 2nd Low | 1.34008 |
| 3rd Low | 1.33383 |
1.3439 – 1.34589 – 1.34562 – 1.34015 – 1.34095 – 1.34008 —
1.34987 – 1.34909 —
73.191326967977 – 66.26091632907 —
– —
1.34390 – 1769061600
Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji – – – – – – – – –