The currency pair British Pound/US Dollar (GBP/USD) breaks through the bearish trendline upwards
The bullish trend up to the next resistance level at 1.3483 is likely expected.
Caution: A possible change in the direction of the support level at 1.32826 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The currency pair is likely to rise.
There is also a ‘Three White Soldiers’ candlestick chart pattern is existing. The chart forms ‘Three White Soldiers’. which is a bullish signal. The currency pair is likely to rise. 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 | 1.35074 |
| 2nd High | 1.34902 |
| Next High | 1.3483 |
| Current Price | 1.33918 |
| Next Low | 1.32826 |
| 2nd Low | 1.32528 |
| 3rd Low | 1.31792 |
1.3483 – 1.34092 – 1.33864 – 1.341 – 1.32826 – 1.33109 —
1.34091 – 1.33761 —
39.158704126128 – 36.020034095244 —
– —
1.3483 – 1773140400
Trading Signals: FOREX – GBP – GBP/USD – USD – Three White Soldiers – – – – – – – – –