GBP/USD – 30M – BUY

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

An ascending movement upwards to the next resistance level at 1.352 is expected.

Caution: A possible trend reversal in the direction of support at is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bullish signal. The pair is likely to go up.

Additionally a ‘Northern Doji’ candle pattern is found. The chart forms ‘Northern Doji’. which is a positive signal. The currency pair is likely to go up. 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).

1.352 – 1.34739 – 1.35591 – 1.34525 – 1.34625 – 1.35345 — 61.883072883504 – 62.167233372528 — 39.744054131939 – 37.819436384269 – 53.649192030252 – 42.17066492182

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