GBP/USD – 30M – BUY

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

A continuation of the uptrend up to the next resistance at 1.36220 is likely expected.

Caution: A possible change in the direction of support at 1.33825 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which could be a positive chart scenario. The pair is likely to go up.

Besides a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. this is usually a bullish signal. The currency pair is likely to rise.

Besides a ‘Northern Doji’ chart pattern is detected. The candles show ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.34490 – 1.34764 – 1.34761 – 1.33825 – 1.34002 – 1.34150

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