GBP/USD – 1H – BUY

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

A continuation of the bullish trend up to the next resistance at 1.31925 is considered certain.

Caution: A possible counter-trend in the direction of the support zone at 1.31415 could be enabled.
Consider stop-loss settings accordingly.

Furthermore a ‘RSI Hidden Bullish Divergence’ indicator layout is found. The indicator shows ‘RSI Hidden Bullish Divergence’. In der Regel bedeutet das ein positives chart scenario. Das Paar wird voraussichtlich nach oben gehen.

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

1.31925 – 1.32002 – 1.31547 – 1.31415 – 1.31353 – 1.30839 —
1.31560 – 1.31614 —
47.205935892901 – 45.285580344849 —
– —
1.31925 – 1763388000

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