GBP/USD – 30M – BUYThe combination British Pound/US Dollar (GBP/USD) breaks through the descending trendline up.
A bullish trend up to the next resistance level at 1.34316 is expected.
Caution: A possible reversal of the trend in the direction of support at 1.33138 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which could be a positive chart scenario. The pair is likely to go up.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.34902 |
| 2nd High | 1.34555 |
| Next High | 1.34316 |
| Current Price | 1.33412 |
| Next Low | 1.33138 |
| 2nd Low | 1.33113 |
| 3rd Low | 1.33011 |
1.34316 – 1.34261 – 1.34555 – 1.3359 – 1.33138 – 1.34004 —
1.33109 – 1.33275 —
37.741638472065 – 49.50249396127 —
– —
1.34316 – 1772487000
Trading Signals: FOREX – GBP – GBP/USD – USD – – – – – – – – – –