GBP/USD – 1H – BUYThe combination British Pound/US Dollar (GBP/USD) jumps from the bearish trendline upwards
A bullish movement up to the next resistance line at 1.35943 will continue.
Caution: A possible change in the direction of the support level at 1.35204 should always be considered.
Consider stop-loss settings accordingly.
In addition a ‘Northern Doji’ chart pattern is found. The candles show ‘Northern Doji’. which is a positive signal. 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’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37522 |
| 2nd High | 1.36809 |
| Next High | 1.35943 |
| Current Price | 1.35592 |
| Next Low | 1.35204 |
| 2nd Low | 1.33699 |
| 3rd Low | 1.33344 |
1.35943 – 1.36809 – 1.36755 – 1.35204 – 1.35595 – 1.35854 — 53.464512225127 – 53.83698953156 — 89.241602216322 – 100 – 89.241602216322 – 92.827734810882
Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji – – –