EUR/GBP – 1H – BUY

The combination Euro/British Pound (EUR/GBP) jumps from the ascending trendline upwards

A continuation of the uptrend upwards to the next resistance at 0.88396 is likely expected.

Caution: A possible trend reversal in the direction of support at 0.87975 should always be considered.
Consider stop-loss settings accordingly.

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive signal. The currency pair is likely to rise.

Besides a ‘RSI Hidden Bullish Divergence’ indicator signal is discovered. The indicator is ‘RSI Hidden Bullish Divergence’. which could be a positive signal. The currency pair is likely to rise.

Besides a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. this is usually a bullish chart scenario. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.882725 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 0.88396 should always be considered.
Consider stop-loss settings accordingly.

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

0.88396 – 0.88391 – 0.88233 – 0.87975 – 0.87895 – 0.88119 —
0.88177 – 0.88078 —
44.098987729664 – 37.358073408042 —
– —
0.88396 – 1763600400

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