GBP/USD – 30M – BUYCorrection of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend will persist. Target of the current trend is 1.34856 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of resistance at 1.34856 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Northern Doji’ chart pattern is found. The candles show ‘Northern Doji’. which is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.35674 |
| 2nd High | 1.35165 |
| Next High | 1.34856 |
| Current Price | 1.34675 |
| Next Low | 1.34551 |
| 2nd Low | 1.33893 |
| 3rd Low |
1.34856 – 1.34404 – 1.34508 – 1.34551 – 1.33893 – 1.3392 —
1.34716 – 1.34685 —
52.380090679228 – 52.996277441282 —
1.34551 – 1768244400 —
1.34856 – 1768231800
Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji – – – – – – – – –