GBP/USD – 30M – BUY

The pair British Pound/US Dollar (GBP/USD) breaks through the descending trendline up.

An ascending movement upwards to the next resistance line at 1.35074 will continue.

Caution: A possible reversal of the trend in the direction of the support zone at could occur.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive signal. The pair is likely to go up.

In addition a ‘Northern Doji’ candle pattern is existing. The chart shows ‘Northern Doji’. which is a positive chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.35074 – 1.35562 – 1.35748 – 1.34394 – 1.34608 – 1.34448 —
1.34611 – 1.34735 —
42.182427600125 – 51.596672482665 —
– —
1.35074 – 1772186400

Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji – – – – – – – – –