GBP/USD – 1H – BUY

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

A bullish movement up to the next resistance level at 1.35362 will persist.

Caution: A possible trend reversal in the direction of the support level at 1.34694 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Next a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish signal. The pair is likely to go up.

Next a ‘MACD crosses above signal’ indicator signal is detected. The indicator shows ‘MACD crosses above signal’. this is usually a bullish signal. The pair is likely to go up.

Next a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. this is usually a bullish chart signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Target of the current trend is 1.3546772 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance level at 1.35362 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

1.35362 – 1.35346 – 1.35165 – 1.34694 – 1.34752 – 1.34343 —
1.35262 – 1.35348 —
61.462458996607 – 49.61080228235 —
– —
1.35362 – 1771956000

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