GBP/USD – 1H – BUY

The combination British Pound/US Dollar (GBP/USD) breaks through the bullish trendline upwards

A continuation of the upward movement upwards to the next resistance level at 1.35810 will continue.

Caution: A possible reversal of the trend in the direction of support at 1.34639 could occur.
Consider stop-loss settings accordingly.

There is also a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which could be a positive signal. The pair is likely to go up.

Correction of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend will continue. Target of the current trend is 1.36165 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 1.35810 could occur.
Consider stop-loss settings accordingly.

There is also a ‘Northern Doji’ candlestick chart pattern is detected. The candles form ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. 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).

1.35810 – 1.36165 – 1.35797 – 1.34639 – 1.34559 – 1.35241

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