GBP/USD – 30M – SELL

Also there is a ‘Double top chart pattern’ chart pattern is found. The chart shows ‘Double top chart pattern’. which is a bearish signal. The currency pair is likely to go down.

The currency pair British Pound/US Dollar (GBP/USD) jumps from the descending trendline down.

A continuation of the downtrend downwards to the next support level at 1.35241 is likely expected.

Caution: A possible change in the direction of the resistance line at 1.35655 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.35253192 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of support at 1.35655 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Northern Doji’ candlestick chart pattern is discovered. The candles show ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.35655 – 1.35810 – 1.35634 – 1.35241 – 1.35071 – 1.35638

Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji