EUR/GBP – 1H – BUY

The currency pair Euro/British Pound (EUR/GBP) breaks through the descending trendline upwards

An ascending movement up to the next resistance level at 0.86856 is likely expected.

Caution: A possible change in the direction of the support zone at could occur.
Consider stop-loss settings accordingly.

And also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bullish chart scenario. The currency pair could go up.

Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 0.86782384 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the resistance level at 0.86856 could occur.
Consider stop-loss settings accordingly.

And also a ‘Northern Doji’ candle chart pattern is found. The candles show ‘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 probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

0.86856 – 0.86793 – 0.86784 – 0.86601 – 0.86526 – 0.86565 —
0.86745 – 0.86739 —
49.988453439506 – 50.844854583855 —
– —
0.86856 – 1768813200

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – Double bottom retreat down – – – – – – – –