GBP/USD – 30M – BUY

And also a ‘Inverse Head and Shoulder chart pattern’ chart formation is detected. The chart shows ‘Inverse Head and Shoulder chart pattern’. this is a bullish signal. The pair is likely to go up.

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

A bullish ascent up to the next resistance at 1.37523 is considered certain.

Caution: A possible change in the direction of the support zone at could be enabled.
Consider stop-loss settings accordingly.

And also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart signal. The currency pair could go up.

And also a ‘Northern Doji’ candlestick chart pattern is detected. The chart forms ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.37523 – 1.37703 – 1.37647 – 1.37199 – 1.37162 – 1.35903

Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji – Inverse Head and Shoulder chart pattern