GBP/USD – 30M – BUY

The pair British Pound/US Dollar (GBP/USD) moves from the bullish trendline up.

A continuation of the bullish trend up to the next resistance level at 1.35655 will persist.

Caution: A possible change in the direction of the support level at 1.34559 could occur.
Consider stop-loss settings accordingly.

Furthermore a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The pair is likely to go up.

Furthermore a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which is often a bullish chart scenario. The currency pair could go up.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Target of the current trend is 1.35568224 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the resistance level at 1.35655 could occur.
Consider stop-loss settings accordingly.

Furthermore a ‘Northern Doji’ chart pattern is found. The candles show ‘Northern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.35655 – 1.35810 – 1.35634 – 1.34559 – 1.35241 – 1.35071

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