GBP/USD – 1H – BUY

The combination British Pound/US Dollar (GBP/USD) breaks through the descending trendline upwards

A bullish movement upwards to the next resistance at 1.36711 is expected.

Caution: A possible change in the direction of the support zone at is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bullish chart scenario. The currency pair could go up.

Additionally a ‘Bearish SBS White Lines’ candle chart pattern is found. The candles form ‘Bearish SBS White Lines’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).

1.36711 – 1.37116 – 1.36961 – 1.359 – 1.36043 – 1.36042 —
1.36389 – 1.36578 —
51.804652076323 – 57.84232266428 —
– —
1.36711 – 1770915600

Trading Signals: FOREX – GBP – GBP/USD – USD – Bearish SBS White Lines – – – – – – – – –