GBP/USD – 1H – BUY

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish chart signal. The currency pair is likely to rise.

In addition a ‘StochRSI %K line crosses above %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses above %D line’. which is often a bullish chart signal. The currency pair is likely to rise.

In addition a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. this is usually a bullish signal. The pair is likely to go up.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.34341736 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of resistance at 1.34027 is also possible.
Consider stop-loss settings accordingly.

In addition a ‘Three Outside Up’ candlestick chart pattern is existing. The chart forms ‘Three Outside Up’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Up’ going up is 75% (Bull Market) & 74% (Bear Market).

1.34027 – 1.33696 – 1.34316 – 1.32528 – 1.33138 – 1.34448 —
1.34027 – 1.33613 —
58.31908345236 – 49.096890925272 —
1.34027 – 1772629200 —
– 1772629200

Trading Signals: FOREX – GBP – GBP/USD – USD – Three Outside Up – – – – – – – – –