GBP/USD – 30M – BUY

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.328195 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.33847 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Next a ‘Northern Doji’ chart pattern is existing. The candles form ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.33847 – 1.33536 – 1.32214 – 1.33194 – 1.33216 – 1.33272 —
1.33521 – 1.33479 —
63.499449375203 – 44.470085084611 —
– —
1.33847 – 1764869400

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