GBP/USD – 30M – BUY

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

A bullish ascent up to the next resistance at 1.32681 will persist.

Caution: A possible counter-trend in the direction of the support zone at 1.3211 should always be considered.
Consider stop-loss settings accordingly.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart signal. The currency pair could go up.

In addition a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which is often a bullish chart signal. The currency pair could go up.

In addition a ‘Three Outside Up’ candlestick chart pattern is found. The chart shows ‘Three Outside Up’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

1.32681 – 1.32589 – 1.32424 – 1.3211 – 1.32176 – 1.31779 —
1.32343 – 1.32470 —
51.621529037994 – 49.737066901363 —
– —
1.32681 – 1775496600

Trading Signals: FOREX – GBP – GBP/USD – USD – Three Outside Up – Rising Wedge Chart Pattern – – – – – – – –