GBP/USD – 30M – BUYThe currency pair British Pound/US Dollar (GBP/USD) breaks through the bearish trendline up.
A bullish movement up to the next resistance line at 1.35781 will continue.
Caution: A possible counter-trend in the direction of the support zone at 1.35431 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Bullish Engulfing’ candlestick pattern is found. The chart shows ‘Bullish Engulfing’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Engulfing’ heading up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.35892 |
| 2nd High | 1.35789 |
| Next High | 1.35781 |
| Current Price | 1.35728 |
| Next Low | 1.35431 |
| 2nd Low | 1.33804 |
| 3rd Low | 1.32356 |
1.35781 – 1.35789 – 1.35892 – 1.35431 – 1.35573 – 1.35579 —
1.35662 – 1.35745 —
48.637113818385 – 54.53499303515 —
– —
1.35781 – 1776240000
Trading Signals: FOREX – GBP – GBP/USD – USD – Bullish Engulfing – – – – – – – – –