GBP/USD – 30M – BUY

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

A continuation of the bullish trend upwards to the next resistance at 1.34441 is considered certain.

Caution: A possible reversal of the trend in the direction of the support level at 1.33976 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘StochRSI %K line crosses above %D line’ indicator layout is detected. The indicator shows ‘StochRSI %K line crosses above %D line’. which could be a positive chart scenario. The currency pair is likely to rise.

Moreover a ‘MACD-Hist Hidden Bullish Divergence’ indicator layout is detected. The indicator shows ‘MACD-Hist Hidden Bullish Divergence’. which could be a positive chart scenario. The currency pair is likely to rise.

Moreover a ‘Bearish SBS White Lines’ candlestick chart pattern is found. The candles form ‘Bearish SBS White Lines’. which is a negative chart scenario. 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’ going down is 56% (Bull Market) & 57% (Bear Market).

1.34441 – 1.34607 – 1.34254 – 1.34165 – 1.33976 – 1.33831 —
1.34290 – 1.34134 —
46.945316004248 – 33.372814307128 —
– —
1.34441 – 1781544600

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