EUR/GBP – 1H – BUY

The combination Euro/British Pound (EUR/GBP) breaks through the bearish trendline up.

An ascending movement upwards to the next resistance level at 0.87983 is considered certain.

Caution: A possible change in the direction of the support level at 0.87651 is within the realm of possibility.
Consider stop-loss settings accordingly.

Besides a ‘%K crosses above %D’ indicator signal is existing. The indicator is ‘%K crosses above %D’. which is often a bullish chart scenario. The pair is likely to go up.

Besides a ‘Northern Doji’ candle pattern is detected. The candles form ‘Northern Doji’. which is a bullish chart scenario. The 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).

0.87983 – 0.88195 – 0.88307 – 0.87651 – 0.87797 – 0.87951 —
0.87883 – 0.87851 —
51.557123417644 – 48.2457808894 —
– —
0.87983 – 1764079200

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