Buy GBP/USD – 4H – BUY

The pair British Pound/US Dollar (GBP/USD) jumps from the bearish trendline upwards

An ascent upwards to the next resistance level at 1.35748 is certain.

Caution: A possible reversal of the trend in the direction of the support level at 1.34008 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Furthermore a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. this is usually a bullish chart scenario. The currency pair could go up.

Furthermore a ‘Three White Soldiers’ chart pattern is found. The candles form ‘Three White Soldiers’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three White Soldiers’ going up is 82%.

Support & Resistance Price Range*
3rd High 1.37327
2nd High 1.37116
Next High 1.35748
Current Price 1.34279
Next Low 1.34008
2nd Low 1.33383
3rd Low 1.33113

1.35748 – 1.37116 – 1.37 – 1.34337 – 1.359 – 1.35081 —
1.35074 – 1.34261 —
44.810680444036 – 33.836511616522 —
– —
1.35748 – 1772078400

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