GBP/USD – 1H – BUYThe currency pair British Pound/US Dollar (GBP/USD) breaks through the descending trendline up.
A bullish trend up to the next resistance level at 1.35165 is likely expected.
Caution: A possible trend reversal in the direction of the support line at 1.34913 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish signal. The currency pair is likely to rise.
Furthermore a ‘%K crosses above %D’ indicator layout is discovered. The indicator shows ‘%K crosses above %D’. this is usually a bullish signal. The currency pair is likely to rise.
Furthermore a ‘RSI Bullish Divergence’ indicator layout is discovered. The indicator shows ‘RSI Bullish Divergence’. this is usually a bullish signal. The currency pair is likely to rise.
Furthermore a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. this is usually a bullish chart scenario. The currency pair could go up.
Furthermore a ‘Northern Doji’ candlestick pattern is existing. The candles show ‘Northern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36602 |
| 2nd High | 1.35674 |
| Next High | 1.35165 |
| Current Price | 1.35007 |
| Next Low | 1.34913 |
| 2nd Low | 1.34138 |
| 3rd Low | 1.34013 |
1.35165 – 1.35674 – 1.35017 – 1.34913 – 1.34138 – 1.34013 —
1.35094 – 1.35023 —
48.831790604917 – 41.659616376853 —
– —
1.35165 – 1767762000
Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji – – – – – – – – –