GBP/USD – 30M – BUY

The currency pair British Pound/US Dollar (GBP/USD) jumps from the ascending trendline upwards

A continuation of the uptrend up to the next resistance at 1.32135 is likely expected.

Caution: A possible trend reversal in the direction of the support level at 1.31528 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘MACD crosses below signal’ indicator signal is existing. The indicator is ‘MACD crosses below signal’. this is usually a bearish signal. The currency pair is likely to fall.

Moreover a ‘Northern Doji’ candlestick pattern is existing. The candles show ‘Northern Doji’. which is a positive 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’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.32135 – 1.31152 – 1.31159 – 1.31528 – 1.3095 – 1.308 —
1.31727 – 1.31910 —
53.189011054305 – 56.868155254035 —
– —
1.32135 – 1764108000

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