GBP/USD – 30M – BUY

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

An ascending movement up to the next resistance line at 1.35365 is expected.

Caution: A possible counter-trend in the direction of the support line at could happen.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.354935 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance level at 1.35365 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘Bearish SBS White Lines’ candle pattern is existing. The candles show ‘Bearish SBS White Lines’. which is a negative signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).

1.35365 – 1.35944 – 1.35785 – 1.35043 – 1.35161 – 1.35534 —
1.35170 – 1.35342 —
43.301957310094 – 48.183605974609 —
– —
1.35365 – 1776387600

Trading Signals: FOREX – GBP – GBP/USD – USD – Bearish SBS White Lines – – – – – – – – –