GBP/USD – 30M – BUY

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

A bullish movement upwards to the next resistance line at 1.3379 is likely expected.

Caution: A possible change in the direction of the support line at is within the realm of possibility.
Consider stop-loss settings accordingly.

Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bullish chart signal. The pair is likely to go up.

Then a ‘StochRSI %K line crosses above %D line’ indicator layout is discovered. The indicator shows ‘StochRSI %K line crosses above %D line’. this is usually a bullish chart 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 likely expected. Current target is 1.33619032 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the resistance line at 1.3379 is within the realm of possibility.
Consider stop-loss settings accordingly.

Then a ‘Northern Doji’ candlestick pattern is found. The candles show ‘Northern Doji’. this is a bullish chart scenario. The currency 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).

1.3379 – 1.33724 – 1.33764 – 1.32826 – 1.33109 – 1.32971 —
1.33346 – 1.33191 —
51.145729994811 – 48.172471228702 —
– —
1.3379 – 1772793000

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