GBP/USD – 4H – BUY

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

A continuation of the upward movement upwards to the next resistance level at 1.35302 is likely expected.

Caution: A possible reversal of the trend in the direction of the support line at 1.34013 could be enabled.
Consider stop-loss settings accordingly.

Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which could be a positive chart scenario. The pair is likely to go up.

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

Besides a ‘RSI Hidden Bullish Divergence’ indicator signal is existing. The indicator is ‘RSI Hidden Bullish Divergence’. which could be a positive chart scenario. The pair is likely to go up.

Besides a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bullish chart signal. The pair is likely to go up.

Besides a ‘Northern Doji’ candle chart pattern is found. The candles show ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.35302 – 1.35339 – 1.34459 – 1.34013 – 1.33113 – 1.33417 —
1.34876 – 1.34423 —
53.55976961567 – 37.285636386767 —
– —
1.35302 – 1767096000

Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji – Double bottom retreat down – – – – – – – –