GBP/USD – 1H – BUY

Also there is a ‘Falling Wedge Chart Pattern’ chart layout is existing. The chart picture shows ‘Falling Wedge Chart Pattern’. which is a positive chart scenario. The currency pair is likely to go up.

The pair British Pound/US Dollar (GBP/USD) breaks through the descending trendline up.

The bullish trend upwards to the next resistance at 1.35810 is likely expected.

Caution: A possible change in the direction of support at 1.34639 could happen.
Consider stop-loss settings accordingly.

Also there is a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bullish signal. The currency pair is likely to rise.

Also there is a ‘Northern Doji’ candle chart pattern is discovered. The chart forms ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going 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