GBPUSD forms a double bottom formation after candles refused to close below 1.5550.
Candles refused to close below 1.5559 and broke above 1.5611, the nearest resistance.
Broker of the month
After candles broke above 1.5611, it turned into a support, allowing for a continuation of the bullish momentum.
Trend Direction | S3 | S2 | S1 | R1 | R2 | R3 | Entry | Stop Loss | Exit |
| Bullish | 1.5590 | 1.5611 | 1.5731 | 1.5805 |