GBP/USD – 30M – BUY

Besides a ‘Double bottom chart pattern’ chart layout is discovered. The chart forms ‘Double bottom chart pattern’. this is a bullish signal. The pair is likely to go up.

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

An ascending movement up to the next resistance line at 1.35017 is expected.

Caution: A possible counter-trend in the direction of support at 1.34138 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bullish chart signal. The currency pair is likely to rise.

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

1.35017 – 1.34908 – 1.34765 – 1.34138 – 1.34336 – 1.34013 —
1.34706 – 1.34761 —
62.641878151938 – 60.029776081805 —
– —
1.35017 – 1767375000

Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji – Double bottom chart pattern – – – – – – – –