GBP/USD – 1H – BUY

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

A bullish ascent up to the next resistance level at 1.35394 is considered certain.

Caution: A possible counter-trend in the direction of the support zone at 1.34746 should always be considered.
Consider stop-loss settings accordingly.

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

Additionally a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. which could be a positive signal. The currency pair could go up.

Additionally a ‘Above the Stomach’ candlestick pattern is found. The candles form ‘Above the Stomach’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Above the Stomach’ heading up is 66% (Bull Market) & 67% (Bear Market).

1.35394 – 1.35441 – 1.35989 – 1.34746 – 1.34727 – 1.35043 —
1.35056 – 1.35339 —
46.414333632519 – 57.637945423856 —
– —
1.35394 – 1776790800

Trading Signals: FOREX – GBP – GBP/USD – USD – Above the Stomach – – – – – – – – –