GBP/USD – 30M – BUY

Next a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The pair is likely to go down.

Next a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Current target is 1.33056 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support zone at 1.33501 is within the realm of possibility.
Consider stop-loss settings accordingly.

Next a ‘Southern Doji’ candlestick pattern is existing. The candles form ‘Southern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

1.33501 – 1.34828 – 1.34619 – 1.33056 – 1.3312 – 1.34157 —
1.33334 – 1.33635 —
46.902570163826 – 53.071227301262 —
– —
1.33501 – 1780891200

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