GBP/USD – 30M – BUYThe pair British Pound/US Dollar (GBP/USD) breaks through the bearish trendline upwards
An ascent up to the next resistance line at 1.34128 is likely expected.
Caution: A possible trend reversal in the direction of the support line at 1.33657 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Northern Doji’ candlestick chart pattern is detected. The chart shows ‘Northern Doji’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.34446 |
| 2nd High | 1.34445 |
| Next High | 1.34128 |
| Current Price | 1.33518 |
| Next Low | 1.33657 |
| 2nd Low | 1.33621 |
| 3rd Low | 1.33566 |
1.34128 – 1.34445 – 1.34446 – 1.33657 – 1.33767 – 1.337 —
1.33816 – 1.33795 —
40.865920009053 – 35.949321426346 —
– —
1.34128 – 1768566600
Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji – – – – – – – – –