GBP/USD – 30M – BUY

The currency pair British Pound/US Dollar (GBP/USD) breaks through the bearish trendline up.

A bullish ascent up to the next resistance level at 1.34782 is expected.

Caution: A possible reversal of the trend in the direction of the support level at could occur.
Consider stop-loss settings accordingly.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The pair is likely to go up.

In addition a ‘RSI Hidden Bullish Divergence’ indicator signal is existing. The indicator is ‘RSI Hidden Bullish Divergence’. this is usually a bullish chart scenario. The pair is likely to go up.

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is expected. Current target is 1.34856 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 1.34782 could occur.
Consider stop-loss settings accordingly.

In addition a ‘Northern Doji’ chart pattern is discovered. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.34782 – 1.34856 – 1.34404 – 1.34551 – 1.33893 – 1.3392 —
1.34767 – 1.34743 —
55.6801550568 – 46.691380361361 —
– —
1.34782 – 1768280400

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