The currency pair Euro/British Pound (EUR/GBP) breaks through the bearish trendline up.
A bullish movement upwards to the next resistance level at 0.86765 will continue.
Caution: A possible change in the direction of the support zone at 0.86253 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Bearish SBS White Lines’ candlestick pattern is found. The candles form ‘Bearish SBS White Lines’. which is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.87112 |
| 2nd High | 0.87007 |
| Next High | 0.86765 |
| Current Price | 0.86546 |
| Next Low | 0.86253 |
| 2nd Low | 0.86118 |
| 3rd Low | 0.86111 |
0.86765 – 0.87007 – 0.8698 – 0.86253 – 0.86566 – 0.86844 —
0.86629 – 0.86561 —
46.475102794652 – 36.970938446151 —
– —
0.86765 – 1773046800
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Bearish SBS White Lines – – – – – – – – –