GBP/USD – 1H – BUYThe currency pair British Pound/US Dollar (GBP/USD) breaks through the bullish trendline up.
A continuation of the uptrend upwards to the next resistance at 1.33622 is certain.
Caution: A possible trend reversal in the direction of the support level at 1.32871 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. this is usually a bullish chart scenario. The currency pair could go up.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Current target is 1.33847 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the resistance zone at 1.33622 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Besides a ‘Northern Doji’ candle chart pattern is detected. The candles form ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.34424 |
| 2nd High | 1.33847 |
| Next High | 1.33622 |
| Current Price | 1.33696 |
| Next Low | 1.32871 |
| 2nd Low | 1.31792 |
| 3rd Low | 1.31237 |
1.33557 – 1.33463 – 1.33622 – 1.32871 – 1.33052 – 1.33144 —
1.33811 – 1.33705 —
69.869937376057 – 55.607571934924 —
– —
1.33557 – 1765278000
Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji – – – – – – – – –