GBP/USD – 30M – BUYThe combination British Pound/US Dollar (GBP/USD) breaks through the ascending trendline up.
A continuation of the upward movement up to the next resistance level at 1.36429 will continue.
Caution: A possible counter-trend in the direction of the support level at 1.3578 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘MACD crosses above signal’ indicator signal is found. The indicator is ‘MACD crosses above signal’. this is usually a bullish chart signal. The currency pair is likely to rise.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36613 |
| 2nd High | 1.36575 |
| Next High | 1.36429 |
| Current Price | 1.36298 |
| Next Low | 1.3578 |
| 2nd Low | 1.35343 |
| 3rd Low | 1.35132 |
1.36079 – 1.36429 – 1.35779 – 1.3578 – 1.35343 – 1.35132 —
1.36290 – 1.36284 —
71.07155516331 – 55.3203601414 —
– —
1.36079 – 1778128200
Trading Signals: FOREX – GBP – GBP/USD – USD – – Rising Wedge Chart Pattern – – – – – – – –