GBP/USD – 30M – BUY

The combination British Pound/US Dollar (GBP/USD) breaks through the ascending trendline up.

A continuation of the bullish trend up to the next resistance line at 1.29336 is likely expected.

Caution: A possible reversal of the trend in the direction of the support level at 1.27509 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Current target is 1.28853002 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of resistance at 1.29336 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Northern Doji’ candle pattern is existing. The candles form ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

And also a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bullish signal. The currency pair could go up.

1.28146 – 1.27956 – 1.27962 – 1.27509 – 1.27243 – 1.27079

Download GBP/USD Signal Image

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