GBP/USD – 1H – BUY

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

An ascending movement up to the next resistance level at 1.34911 will persist.

Caution: A possible trend reversal in the direction of the support line at 1.34098 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. this is usually a bullish signal. The currency pair could go up.

Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Target of the current trend is 1.34584008 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance line at 1.34911 should be noted.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Northern Doji’ candlestick chart pattern is discovered. The candles show ‘Northern Doji’. this is a bullish pattern signal. 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).

1.34911 – 1.34346 – 1.34128 – 1.3425 – 1.34098 – 1.33383 —
1.34400 – 1.34214 —
47.548918258582 – 35.851991935258 —
– —
1.34911 – 1768903200

Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji – Double top retreat up – – – – – – – –