GBP/USD – 4H – BUY

The currency pair British Pound/US Dollar (GBP/USD) moves from the ascending trendline up.

A continuation of the bullish trend upwards to the next resistance line at 1.35302 is likely expected.

Caution: A possible reversal of the trend in the direction of the support line at 1.34013 is within the realm of possibility.
Consider stop-loss settings accordingly.

Additionally a ‘MACD crosses above signal’ indicator layout is found. The indicator shows ‘MACD crosses above signal’. which is often a bullish signal. The currency pair is likely to rise.

Additionally a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. this is usually a bullish signal. The pair is likely to go up.

Additionally a ‘Northern Doji’ candle chart pattern is found. The candles show ‘Northern Doji’. which is a positive pattern signal. The pair is likely to go up. 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).

1.35302 – 1.35339 – 1.34459 – 1.34013 – 1.33113 – 1.33417 —
1.34908 – 1.34430 —
48.582107061913 – 42.916023388718 —
– —
1.35302 – 1767096000

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