GBP/USD – 30M – BUYThe combination British Pound/US Dollar (GBP/USD) goes from the bearish trendline up.
A bullish movement upwards to the next resistance level at 1.34822 is likely expected.
Caution: A possible reversal of the trend in the direction of the support level at 1.34051 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Northern Doji’ candlestick pattern is detected. The chart shows ‘Northern Doji’. this is a bullish chart scenario. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.35307 |
| 2nd High | 1.35087 |
| Next High | 1.34822 |
| Current Price | 1.34169 |
| Next Low | 1.34051 |
| 2nd Low | 1.33699 |
| 3rd Low | 1.33344 |
1.34822 – 1.34664 – 1.35087 – 1.34051 – 1.34349 – 1.34467 — 41.008893891127 – 41.894165016326 — 91.550893110292 – 91.550893110292 – 84.81044841989 – 92.547963330498
Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji – – –