GBP/USD – 30M – BUY

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

A continuation of the bullish trend upwards to the next resistance level at 1.37149 will persist.

Caution: A possible reversal of the trend in the direction of the support zone at 1.365 could be enabled.
Consider stop-loss settings accordingly.

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

Next a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which is often a bullish signal. The currency pair is likely to rise.

Next a ‘Inverted Hammer’ candlestick pattern is found. The chart shows ‘Inverted Hammer’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Inverted Hammer’ going up is 65% (Bull Market).

1.37068 – 1.37061 – 1.37149 – 1.365 – 1.36227 – 1.36599 —
1.37326 – 1.37157 —
67.741642765409 – 50.678586049658 —
– —
1.37068 – 1770145200

Trading Signals: FOREX – GBP – GBP/USD – USD – Inverted Hammer – – – – – – – – –