GBP/USD – 1H – BUY

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

A bullish trend up to the next resistance level at 1.3483 is expected.

Caution: A possible trend reversal in the direction of the support level at 1.32826 could occur.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘StochRSI %K crosses above 0.2’ indicator layout is detected. The indicator shows ‘StochRSI %K crosses above 0.2’. this is usually a bullish chart signal. The pair is likely to go up.

In addition a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. which could be a positive chart scenario. The currency pair is likely to rise.

In addition a ‘Bearish SBS White Lines’ candlestick chart pattern is found. The chart forms ‘Bearish SBS White Lines’. which is a negative pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).

1.3483 – 1.34092 – 1.33864 – 1.341 – 1.32826 – 1.33109 —
1.34134 – 1.33932 —
45.179493275788 – 37.216412389024 —
– —
1.3483 – 1773140400

Trading Signals: FOREX – GBP – GBP/USD – USD – Bearish SBS White Lines – – – – – – – – –