GBP/USD – 30M – BUY

The pair British Pound/US Dollar (GBP/USD) jumps from the bullish trendline upwards

A continuation of the upward movement up to the next resistance at 1.34102 is likely expected.

Caution: A possible reversal of the trend in the direction of support at 1.33579 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Furthermore a ‘StochRSI %K line crosses above %D line’ indicator layout is found. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive chart signal. The pair is likely to go up.

Furthermore a ‘Bullish Belt Hold’ candle pattern is discovered. The chart forms ‘Bullish Belt Hold’. this is a bullish signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

1.34102 – 1.33693 – 1.33501 – 1.33579 – 1.33304 – 1.33056 —
1.33880 – 1.33800 —
51.455970562372 – 40.50575281862 —
– —
1.34102 – 1781022600

Trading Signals: FOREX – GBP – GBP/USD – USD – Bullish Belt Hold – – – – – – – – –