The pair British Pound/US Dollar (GBP/USD) breaks through the bullish trendline upwards
A continuation of the bullish trend upwards to the next resistance level at 1.35335 is certain.
Caution: A possible reversal of the trend in the direction of the support line at 1.34903 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Besides a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which could be a positive chart signal. The pair is likely to go up.
Besides a ‘Three White Soldiers’ chart pattern is detected. The candles show ‘Three White Soldiers’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three White Soldiers’ heading up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.35817 |
| 2nd High | 1.35362 |
| Next High | 1.35335 |
| Current Price | 1.35500 |
| Next Low | 1.34903 |
| 2nd Low | 1.34874 |
| 3rd Low | 1.34763 |
1.35335 – 1.35362 – 1.35009 – 1.34903 – 1.34874 – 1.34763 —
1.35133 – 1.35365 —
50.518900659272 – 60.314208238728 —
– —
1.35335 – 1772013600
Trading Signals: FOREX – GBP – GBP/USD – USD – Three White Soldiers – – – – – – – – –