GBP/USD – 30M – BUYThe combination British Pound/US Dollar (GBP/USD) jumps from the bearish trendline up.
A bullish trend upwards to the next resistance at 1.36220 is considered certain.
Caution: A possible counter-trend in the direction of the support line at 1.35342 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘Northern Doji’ candlestick pattern is found. The chart shows ‘Northern Doji’. this is a bullish signal. The 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.36321 |
| Next High | 1.36220 |
| Current Price | 1.35579 |
| Next Low | 1.35342 |
| 2nd Low | 1.35161 |
| 3rd Low | 1.34639 |
1.36220 – 1.35924 – 1.36026 – 1.35570 – 1.35734 – 1.35342
Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji