GBP/USD – 1H – BUYThe pair British Pound/US Dollar (GBP/USD) jumps from the bullish trendline downwards
A descending movement down to the next support level at is certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.33223 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
In addition a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The currency pair is likely to fall.
In addition a ‘Northern Doji’ candlestick pattern is discovered. The chart shows ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.33767 |
| 2nd High | 1.33558 |
| Next High | 1.33223 |
| Current Price | 1.31688 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.33223 – 1.33558 – 1.33767 – 1.32118 – 1.32599 – 1.32551
Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji