GBP/USD – 1H – BUY

The currency pair British Pound/US Dollar (GBP/USD) goes from the bullish trendline up.

A continuation of the bullish trend upwards to the next resistance at 1.35810 will persist.

Caution: A possible reversal of the trend in the direction of the support level at 1.34559 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart scenario. The currency pair is likely to rise.

Also there is a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which could be a positive chart scenario. The currency pair could go up.

Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Current target is 1.35821316 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 1.35810 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Also there is a ‘Northern Doji’ candle pattern is found. The chart forms ‘Northern Doji’. this is a bullish chart scenario. 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