GBP/USD – 1H – BUY

The combination British Pound/US Dollar (GBP/USD) jumps from the ascending trendline up.

A continuation of the upward movement upwards to the next resistance level at 1.32681 will persist.

Caution: A possible trend reversal in the direction of the support level at is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bullish signal. The currency pair could go up.

Also there is a ‘StochRSI %K line crosses above %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses above %D line’. which is often a bullish signal. The currency pair could go up.

Also there is a ‘MACD crosses above signal’ indicator layout is found. The indicator is ‘MACD crosses above signal’. which is often a bullish signal. The currency pair could go up.

Also there is a ‘Bullish Belt Hold’ candlestick pattern is existing. The chart forms ‘Bullish Belt Hold’. 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 chance of ‘Bullish Belt Hold’ going up is 71% (Bull Market) & 71% (Bear Market).

1.32681 – 1.32424 – 1.3251 – 1.31779 – 1.31812 – 1.31586 —
1.32348 – 1.32479 —
52.674943403979 – 60.105285547841 —
– —
1.32681 – 1775494800

Trading Signals: FOREX – GBP – GBP/USD – USD – Bullish Belt Hold – Rising Wedge Chart Pattern – – – – – – – –