GBP/USD – 1H – BUY

Also there is a ‘StochRSI %K crosses above 0.2’ indicator signal is detected. The indicator shows ‘StochRSI %K crosses above 0.2’. this is usually a bullish chart signal. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Current target is 1.35358 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of resistance at 1.35441 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Bullish Engulfing’ candle pattern is discovered. The candles form ‘Bullish Engulfing’. 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 probability of ‘Bullish Engulfing’ going up is 63%.

1.35441 – 1.35989 – 1.35944 – 1.34727 – 1.35043 – 1.35161 —
1.35289 – 1.35098 —
49.621061467505 – 38.766796183672 —
– —
1.35441 – 1776711600

Trading Signals: FOREX – GBP – GBP/USD – USD – Bullish Engulfing – – – – – – – – –