GBP/USD – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will persist. Current target is 1.35164 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of resistance at 1.35135 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
Besides a ‘Inverted Hammer’ candle pattern is detected. The chart shows ‘Inverted Hammer’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Inverted Hammer’ heading up is 65% (Bull Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.35407 |
| 2nd High | 1.35275 |
| Next High | 1.35135 |
| Current Price | 1.34899 |
| Next Low | 1.34571 |
| 2nd Low | 1.34532 |
| 3rd Low | 1.34472 |
1.35135 – 1.35275 – 1.35407 – 1.34571 – 1.34945 – 1.34627 —
1.34779 – 1.34820 —
39.41416681902 – 46.314673607358 —
– —
1.35135 – 1777474800
Trading Signals: FOREX – GBP – GBP/USD – USD – Inverted Hammer – – – – – – – – –