The currency pair British Pound/US Dollar (GBP/USD) jumps from the bullish trendline upwards
A continuation of the bullish trend up to the next resistance level at 1.3111 is certain.
Caution: A possible change in the direction of the support level at 1.30848 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish chart signal. The currency pair could go up.
Then a ‘MACD crosses above signal’ indicator layout is found. The indicator is ‘MACD crosses above signal’. this is usually a bullish chart signal. The currency pair could go up.
Then a ‘RSI Hidden Bullish Divergence’ indicator layout is found. The indicator is ‘RSI Hidden Bullish Divergence’. this is usually a bullish chart signal. The currency pair could go up.
Then a ‘Resistance Level’ indicator layout is discovered. The indicator is ‘Resistance Level’. which is often a bullish signal. The pair is likely to go up.
Then a ‘Northern Doji’ candle pattern is detected. The candles form ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.31544 |
| 2nd High | 1.31231 |
| Next High | 1.3111 |
| Current Price | 1.31108 |
| Next Low | 1.30848 |
| 2nd Low | 1.30382 |
| 3rd Low | 1.3037 |
1.3111 – 1.31088 – 1.3102 – 1.30848 – 1.30382 – 1.30491 —
1.31094 – 1.30956 —
54.599113292422 – 46.116667384914 —
– —
1.31110 – 1763971200
Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji – – – – – – – – –