GBP/USD – 30M – BUYThe pair British Pound/US Dollar (GBP/USD) moves from the bullish trendline upwards
A continuation of the uptrend upwards to the next resistance line at 1.29738 will continue.
Caution: A possible change in the direction of the support line at 1.28951 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Furthermore a ‘Northern Doji’ candle pattern is existing. The chart shows ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.30146 |
| Next High | 1.29738 |
| Current Price | 1.29204 |
| Next Low | 1.28951 |
| 2nd Low | 1.28873 |
| 3rd Low | 1.28730 |
1.29738 – 1.29552 – 1.29701 – 1.28951 – 1.29108 – 1.28873
Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji