GBP/USD – 30M – BUY

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart scenario. The pair is likely to go up.

Besides a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is certain. Current target is 1.345835 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance level at 1.35017 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Northern Doji’ candle pattern is detected. The chart forms ‘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 chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.35017 – 1.34908 – 1.34765 – 1.34138 – 1.34336 – 1.34013 —
1.34430 – 1.34567 —
53.376685353252 – 44.005879631671 —
– —
1.35017 – 1767375000

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