GBP/USD – 30M – BUY

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 1.37556 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support level at 1.38309 could happen.
In the case of a trade, always set appropriate stop-loss settings.

And also a ‘Matching Low’ candlestick chart pattern is existing. The chart forms ‘Matching Low’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ heading up is 61% (Bull & Bear Market).

1.3801 – 1.38309 – 1.38686 – 1.37494 – 1.36635 – 1.367 —
1.38078 – 1.38345 —
55.022515539256 – 59.039448165669 —
– —
1.38010 – 1769617800

Trading Signals: FOREX – GBP – GBP/USD – USD – Matching Low – – – – – – – – –