GBP/USD – 1H – SELLThe currency pair British Pound/US Dollar (GBP/USD) goes from the bullish trendline down.
The bearish trend downwards to the next support level at 1.35006 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.35810 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The currency pair could go down.
Furthermore a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.36165 |
| Next High | 1.35810 |
| Current Price | 1.35067 |
| Next Low | 1.35006 |
| 2nd Low | 1.34913 |
| 3rd Low | 1.34475 |
1.35810 – 1.36165 – 1.35797 – 1.35241 – 1.35071 – 1.35403