GBP/USD – 30M – BUY

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

A bullish ascent upwards to the next resistance level at 1.34445 is expected.

Caution: A possible trend reversal in the direction of the support level at 1.33383 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which is often a bullish chart scenario. The currency pair is likely to rise.

And also a ‘Bullish Belt Hold’ candlestick chart pattern is discovered. The candles form ‘Bullish Belt Hold’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

1.34346 – 1.34086 – 1.34128 – 1.33383 – 1.33657 – 1.33767 —
1.34211 – 1.34361 —
49.90151551319 – 66.129614652256 —
– —
1.34346 – 1768847400

Trading Signals: FOREX – GBP – GBP/USD – USD – Bullish Belt Hold – – – – – – – – –