GBP/USD – 30M – BUY

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

A continuation of the bullish trend up to the next resistance level at 1.37884 will persist.

Caution: A possible change in the direction of the support line at 1.36739 could occur.
Consider stop-loss settings accordingly.

There is also a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. this is usually a bullish signal. The currency pair could go up.

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

1.37884 – 1.37488 – 1.37403 – 1.36739 – 1.36827 – 1.37199

Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji – Double top retreat up