GBP/USD – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Current target is 1.33337 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of resistance at 1.33378 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Northern Doji’ candle pattern is discovered. The chart shows ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.33615 |
| 2nd High | 1.33463 |
| Next High | 1.33378 |
| Current Price | 1.33232 |
| Next Low | 1.33052 |
| 2nd Low | 1.31792 |
| 3rd Low | 1.31237 |
1.33378 – 1.33463 – 1.33615 – 1.33052 – 1.33132 – 1.33144 —
1.33305 – 1.33207 —
51.166924838428 – 45.321457351463 —
– —
1.33378 – 1765209600
Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji – – – – – – – – –