GBP/USD – 30M – BUYThe combination British Pound/US Dollar (GBP/USD) breaks through the bearish trendline up.
An ascent upwards to the next resistance at 1.35179 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 1.34532 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Resistance Level’ indicator signal is existing. The indicator shows ‘Resistance Level’. which could be a positive signal. The currency pair could go up.
Besides a ‘Bullish Belt Hold’ candlestick pattern is discovered. The chart shows ‘Bullish Belt Hold’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.35394 |
| 2nd High | 1.35352 |
| Next High | 1.35179 |
| Current Price | 1.35206 |
| Next Low | 1.34532 |
| 2nd Low | 1.34472 |
| 3rd Low | 1.33804 |
1.34726 – 1.35179 – 1.351 – 1.34532 – 1.34472 – 1.34812 —
1.34989 – 1.35191 —
64.782215984522 – 68.285694868657 —
– —
1.34726 – 1777006800
Trading Signals: FOREX – GBP – GBP/USD – USD – Bullish Belt Hold – – – – – – – – –