GBP/USD – 4H – BUYThe currency pair British Pound/US Dollar (GBP/USD) jumps from the bullish trendline upwards
A continuation of the upward movement upwards to the next resistance level at 1.35822 will persist.
Caution: A possible reversal of the trend in the direction of the support line at 1.34013 could occur.
Consider stop-loss settings accordingly.
There is also a ‘Northern Doji’ candle pattern is found. The chart shows ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36809 |
| 2nd High | 1.35898 |
| Next High | 1.35822 |
| Current Price | 1.35141 |
| Next Low | 1.34013 |
| 2nd Low | 1.33113 |
| 3rd Low | 1.32871 |
1.35302 – 1.35339 – 1.34459 – 1.34013 – 1.33113 – 1.33417 —
1.35388 – 1.35118 —
64.757997029994 – 52.724420126923 —
– —
1.35302 – 1767096000
Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji – – – – – – – – –