GBP/USD – 1H – BUY

Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Current target is 1.35362 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of resistance at 1.35810 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘Northern Doji’ candlestick pattern is found. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.35810 – 1.36165 – 1.35797 – 1.34559 – 1.35241 – 1.35071

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