GBP/USD – 1H – BUY

The pair British Pound/US Dollar (GBP/USD) breaks through the ascending trendline upwards

A continuation of the upward movement upwards to the next resistance at 1.33246 will continue.

Caution: A possible trend reversal in the direction of the support level at 1.3212 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Also there is a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which is often a bullish chart scenario. The currency pair could go up.

Also there is a ‘Inverted Hammer’ chart pattern is detected. The chart shows ‘Inverted Hammer’. which is a bullish pattern 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 ‘Inverted Hammer’ heading up is 65% (Bull Market).

1.32764 – 1.32619 – 1.32315 – 1.3212 – 1.31877 – 1.318 —
1.32455 – 1.32915 —
50.818354604509 – 65.58721573781 —
– —
1.32764 – 1782842400

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