GBP/USD – 1H – BUY

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

An ascending movement up to the next resistance line at 1.35302 is considered certain.

Caution: A possible change in the direction of the support line at 1.34162 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish signal. The currency pair could go up.

Besides a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a positive signal. The currency pair could go up.

Besides a ‘Northern Doji’ candlestick pattern is discovered. The chart forms ‘Northern Doji’. which is a bullish signal. The currency pair is likely to go up. 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).

1.34579 – 1.35302 – 1.34926 – 1.34826 – 1.34162 – 1.3434 — 63.514920374083 – 65.868418868842 — 91.258665603007 – 91.258665603007 – 90.568387221094 – 89.558115115911

Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji – Double bottom chart pattern – –