GBP/USD – 1H – BUY

The combination British Pound/US Dollar (GBP/USD) goes from the bearish trendline upwards

An ascending movement up to the next resistance at 1.3483 will continue.

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

There is also a ‘Bullish Engulfing’ chart pattern is detected. The chart shows ‘Bullish Engulfing’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bullish Engulfing’ heading up is 63%.

1.3483 – 1.34092 – 1.33864 – 1.33606 – 1.341 – 1.32826 —
1.33973 – 1.33607 —
42.449712075435 – 34.487850165975 —
– —
1.3483 – 1773140400

Trading Signals: FOREX – GBP – GBP/USD – USD – Bullish Engulfing – – – – – – – – –