GBP/USD – 30M – BUY

Correction of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Current target is 1.33864 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance level at 1.34027 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Bullish Engulfing’ candlestick chart pattern is found. The chart forms ‘Bullish Engulfing’. which is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bullish Engulfing’ going up is 63%.

1.3379 – 1.33724 – 1.33764 – 1.33109 – 1.32971 – 1.33056 —
1.33860 – 1.34078 —
46.734438244306 – 64.321503103099 —
– —
1.3379 – 1772793000

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