GBP/USD – 4H – BUY

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

An ascent up to the next resistance line at 1.35302 will persist.

Caution: A possible counter-trend in the direction of the support level at 1.34013 should always be considered.
Consider stop-loss settings accordingly.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart scenario. The currency pair could go up.

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

Moreover a ‘Northern Doji’ chart pattern is discovered. The chart forms ‘Northern Doji’. which is a bullish signal. The pair is likely to go up. 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).

1.35302 – 1.35339 – 1.34459 – 1.34013 – 1.33113 – 1.33417 —
1.34713 – 1.34739 —
44.186629113001 – 46.372638664225 —
– —
1.35302 – 1767096000

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