GBP/USD – 30M – BUY

The pair British Pound/US Dollar (GBP/USD) breaks through the descending trendline up.

An ascending movement up to the next resistance level at 1.33696 is likely expected.

Caution: A possible change in the direction of support at is within the realm of possibility.
Consider stop-loss settings accordingly.

And also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 1.34076628 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance level at 1.33696 is within the realm of possibility.
Consider stop-loss settings accordingly.

And also a ‘Northern Doji’ chart pattern is detected. The chart forms ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. 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).

1.33696 – 1.34316 – 1.34261 – 1.3303 – 1.32528 – 1.3359 —
1.33334 – 1.33406 —
46.700161154756 – 50.960503476906 —
– —
1.33696 – 1772575200

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