GBP/USD – 1H – BUY

The currency pair British Pound/US Dollar (GBP/USD) breaks through the bearish trendline upwards

An ascending movement up to the next resistance line at 1.33693 is likely expected.

Caution: A possible trend reversal in the direction of support at 1.32178 could occur.
Please make appropriate stop-loss settings in the case of a trade.

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

In addition a ‘Latter Bottom’ candlestick chart pattern is existing. The candles show ‘Latter Bottom’. which is a positive signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Latter Bottom’ heading up is 56% (Bull Market) & 51% (Bear Market).

1.33693 – 1.34094 – 1.3483 – 1.32178 – 1.33606 – 1.341 —
1.32476 – 1.32562 —
37.48129288026 – 41.387344061928 —
– —
1.33693 – 1773374400

Trading Signals: FOREX – GBP – GBP/USD – USD – Latter Bottom – – – – – – – – –