GBP/USD – 30M – BUY

The pair British Pound/US Dollar (GBP/USD) jumps from the ascending trendline up.

A continuation of the upward movement upwards to the next resistance line at 1.37703 will continue.

Caution: A possible change in the direction of the support level at could be enabled.
Consider stop-loss settings accordingly.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 1.37703 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance line at 1.37703 could be enabled.
Consider stop-loss settings accordingly.

Besides a ‘Northern Doji’ chart pattern is discovered. The candles form ‘Northern Doji’. which is a positive signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.37703 – 1.37647 – 1.36333 – 1.37199 – 1.37162 – 1.35903

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