GBP/USD – 1H – BUY

Additionally a ‘StochRSI %K line crosses above %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses above %D line’. which could be a positive chart scenario. The currency pair could go up.

Additionally a ‘Support Level’ indicator signal is discovered. The indicator is ‘Support Level’. this is usually a bullish chart scenario. The currency pair is likely to rise.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Current target is 1.36231384 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of resistance at 1.36575 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Bearish SBS White Lines’ candle pattern is existing. The chart shows ‘Bearish SBS White Lines’. which is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish SBS White Lines’ heading down is 56% (Bull Market) & 57% (Bear Market).

1.36575 – 1.35275 – 1.35757 – 1.35132 – 1.35119 – 1.3568 —
1.36287 – 1.35960 —
75.640748698388 – 48.832626288086 —
– —
1.36575 – 1777654800

Trading Signals: FOREX – GBP – GBP/USD – USD – Bearish SBS White Lines – – – – – – – – –