GBP/USD – 1H – BUY

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

A bullish ascent up to the next resistance at 1.34589 is considered certain.

Caution: A possible counter-trend in the direction of the support level at 1.34008 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart signal. The currency pair could go up.

Moreover a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which is often a bullish chart scenario. The pair is likely to go up.

Moreover a ‘Northern Doji’ candle chart pattern is found. The chart forms ‘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 probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.34589 – 1.34911 – 1.34346 – 1.34008 – 1.3425 – 1.34098 —
1.34314 – 1.34323 —
49.808731312872 – 43.176510741124 —
– —
1.34589 – 1769014800

Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji – Head and Shoulder chart pattern – – – – – – – –