GBP/USD – 1H – BUY

The combination British Pound/US Dollar (GBP/USD) breaks through the bullish trendline upwards

A continuation of the bullish trend up to the next resistance line at 1.36712 is certain.

Caution: A possible reversal of the trend in the direction of the support zone at 1.36293 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The currency pair could go up.

Besides a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which could be a positive signal. The currency pair is likely to rise.

Besides a ‘Northern Doji’ candlestick chart pattern is existing. The candles form ‘Northern Doji’. this is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.36712 – 1.36194 – 1.35702 – 1.36293 – 1.35235 – 1.35126 — 54.171999958922 – 56.554334612725 — 66.666666666667 – 100 – 33.333333333333 – 66.666666666667

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