GBP/USD – 4H – BUYAnd also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart scenario. The currency pair could go up.
And also a ‘Bullish Engulfing’ chart pattern is detected. The candles show ‘Bullish Engulfing’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ going up is 63%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.34828 |
| 2nd High | 1.34607 |
| Next High | 1.32728 |
| Current Price | 1.33558 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.32728 – 1.34607 – 1.34828 – 1.31398 – 1.31626 – 1.33242 —
1.33625 – 1.33636 —
74.051515096859 – 68.539513867874 —
– —
1.32728 – 1782129600
Trading Signals: FOREX – GBP – GBP/USD – USD – Bullish Engulfing – – – – – – – – –