Also there is a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a positive signal. The pair is likely to go up.
Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 211.54 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the resistance level at 211.54 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Three White Soldiers’ candle chart pattern is discovered. The candles show ‘Three White Soldiers’. this 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 ‘Three White Soldiers’ going up is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 211.62 |
| 2nd High | 211.557 |
| Next High | 211.54 |
| Current Price | 211.21200 |
| Next Low | 210.253 |
| 2nd Low | 209.777 |
| 3rd Low | 209.176 |
211.54 – 210.987 – 210.613 – 210.253 – 209.777 – 209.176 —
211.10900 – 211.09300 —
46.487065666295 – 51.135522825454 —
– —
211.54 – 1772838000
Trading Signals: FOREX – GBP – GBP/JPY – JPY – Three White Soldiers – – – – – – – – –