GBP/USD – 1H – BUY

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

A continuation of the upward movement upwards to the next resistance line at 1.34445 is considered certain.

Caution: A possible trend reversal in the direction of the support level at 1.33383 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart scenario. The pair is likely to go up.

Also there is a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bullish chart signal. The currency pair could go up.

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Current target is 1.34637 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance zone at 1.34445 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Northern Doji’ chart pattern is found. The chart forms ‘Northern Doji’. which is a positive 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).

1.34346 – 1.34128 – 1.34445 – 1.33383 – 1.33621 – 1.34191 —
1.34255 – 1.34433 —
55.79353825588 – 61.91982528678 —
– —
1.34346 – 1768845600

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