GBP/USD – 30M – BUY

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

A continuation of the uptrend up to the next resistance line at 1.37884 is likely expected.

Caution: A possible change in the direction of the support zone at 1.37034 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart scenario. The currency pair is likely to rise.

Besides a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which is often a bullish chart signal. The pair is likely to go up.

Besides a ‘Northern Doji’ candlestick chart pattern is detected. The candles form ‘Northern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.37884 – 1.37488 – 1.37403 – 1.37034 – 1.36739 – 1.36827

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