GBP/USD – 30M – BUY

The combination British Pound/US Dollar (GBP/USD) goes from the descending trendline upwards

An ascending movement up to the next resistance line at 1.34716 is expected.

Caution: A possible reversal of the trend in the direction of the support zone at 1.34365 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘StochRSI %K line crosses above %D line’ indicator signal is discovered. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish chart signal. The currency pair is likely to rise.

Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 1.344375 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 1.34716 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

1.34716 – 1.34801 – 1.34812 – 1.34365 – 1.345 – 1.34527 —
1.34594 – 1.34331 —
42.938232481128 – 28.213249175075 —
– —
1.34716 – 1780461000

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