GBP/USD – 30M – BUYThe combination British Pound/US Dollar (GBP/USD) breaks through the bullish trendline up.
A continuation of the uptrend upwards to the next resistance at 1.32681 will continue.
Caution: A possible reversal of the trend in the direction of the support line at 1.31237 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Northern Doji’ candle pattern is detected. The chart forms ‘Northern Doji’. which is a bullish pattern signal. The 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.33977 |
| 2nd High | 1.33691 |
| Next High | 1.32681 |
| Current Price | 1.32266 |
| Next Low | 1.31237 |
| 2nd Low | 1.3095 |
| 3rd Low | 1.308 |
1.32681 – 1.31973 – 1.32135 – 1.31237 – 1.31528 – 1.3095 —
1.32557 – 1.32215 —
50.372918000655 – 40.442789995702 —
– —
1.32681 – 1764228600
Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji – – – – – – – – –