The currency pair Euro/British Pound (EUR/GBP) breaks through the bearish trendline upwards
A bullish trend upwards to the next resistance line at 0.86504 will continue.
Caution: A possible counter-trend in the direction of the support level at 0.86276 could occur.
In the case of a trade, always set appropriate stop-loss settings.
And also a ‘Northern Doji’ candle pattern is discovered. The candles show ‘Northern Doji’. which is a positive signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 0.86567 |
| 2nd High | 0.86539 |
| Next High | 0.86504 |
| Current Price | 0.86417 |
| Next Low | 0.86276 |
| 2nd Low | 0.86248 |
| 3rd Low | 0.86164 |
0.86504 – 0.86447 – 0.86417 – 0.86276 – 0.86278 – 0.86344 —
0.86386 – 0.86414 —
49.125914270184 – 54.620211121956 —
– —
0.86504 – 1773853200
Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – – – – – – – – –