GBP/USD – 30M – BUY

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

A continuation of the uptrend upwards to the next resistance level at 1.3632 will persist.

Caution: A possible reversal of the trend in the direction of the support level at 1.35466 is also possible.
Consider stop-loss settings accordingly.

Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend will persist. Target of the current trend is 1.36429 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 1.3632 is also possible.
Consider stop-loss settings accordingly.

In addition a ‘Northern Doji’ chart pattern is existing. The chart forms ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.3632 – 1.36079 – 1.36429 – 1.35466 – 1.3578 – 1.35343 —
1.36166 – 1.36262 —
61.950714401109 – 58.993877514648 —
– —
1.3632 – 1778176800

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