GBP/USD – 30M – BUY

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

An ascending movement upwards to the next resistance at 1.34326 is expected.

Caution: A possible trend reversal in the direction of the support level at 1.33831 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. this is usually a bullish signal. The pair is likely to go up.

Furthermore a ‘RSI Hidden Bullish Divergence’ indicator layout is discovered. The indicator is ‘RSI Hidden Bullish Divergence’. this is usually a bullish signal. The pair is likely to go up.

Furthermore a ‘MACD Hidden Bullish Divergence’ indicator layout is discovered. The indicator is ‘MACD Hidden Bullish Divergence’. which could be a positive signal. The currency pair is likely to rise.

Furthermore a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bullish signal. The currency pair could go up.

Furthermore a ‘Bearish SBS White Lines’ candlestick pattern is discovered. The chart forms ‘Bearish SBS White Lines’. which is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish SBS White Lines’ going down is 56% (Bull Market) & 57% (Bear Market).

1.34326 – 1.33911 – 1.33914 – 1.33831 – 1.33242 – 1.33495 —
1.34189 – 1.34089 —
56.865027343852 – 41.615124038259 —
– —
1.34326 – 1781217000

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