GBP/USD – 4H – BUY

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

A bullish movement up to the next resistance level at 1.34828 is certain.

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

In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart signal. The currency pair could go up.

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

1.34828 – 1.3485 – 1.35087 – 1.33242 – 1.33056 – 1.34094 —
1.34176 – 1.34595 —
56.341129235824 – 55.123127209372 —
– —
1.34828 – 1780660800

Trading Signals: FOREX – GBP – GBP/USD – USD – Bearish SBS White Lines – Rising Wedge Chart Pattern – – – – – – – –