GBP/USD – 30M – BUY

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

An ascending movement up to the next resistance line at 1.35394 is considered certain.

Caution: A possible trend reversal in the direction of the support zone at 1.34982 should be noted.
Consider stop-loss settings accordingly.

In addition a ‘StochRSI %K line crosses above %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish chart scenario. The pair is likely to go up.

In addition a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a positive signal. The currency pair is likely to rise.

In addition a ‘Northern Doji’ candlestick pattern is existing. The candles show ‘Northern Doji’. 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 likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.35368 – 1.34726 – 1.35179 – 1.34982 – 1.34532 – 1.34472 —
1.35401 – 1.35331 —
66.047913237361 – 51.577839704645 —
– —
1.35368 – 1777073400

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