GBP/USD – 1H – BUY

The currency pair British Pound/US Dollar (GBP/USD) jumps from the ascending trendline upwards

A continuation of the bullish trend up to the next resistance level at 1.35810 will continue.

Caution: A possible counter-trend in the direction of the support line at 1.35241 should be noted.
Consider stop-loss settings accordingly.

Besides a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. this is usually a bullish signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Current target is 1.355855 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance level at 1.35810 should be noted.
Consider stop-loss settings accordingly.

Besides a ‘Northern Doji’ candlestick pattern is found. The candles form ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.35810 – 1.36165 – 1.35797 – 1.35241 – 1.35071 – 1.35403

Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji