GBP/USD – 1H – SELLThe combination British Pound/US Dollar (GBP/USD) jumps from the bearish trendline downwards
A continuation of the downtrend downwards to the next support line at 1.33899 will persist.
Caution: A possible change in the direction of the resistance zone at 1.35302 could happen.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Support Level’ indicator signal is existing. The indicator shows ‘Support Level’. which is often a bearish signal. The currency pair is likely to fall.
There is also a ‘Northern Doji’ candle chart pattern is discovered. The candles show ‘Northern Doji’. which is a positive pattern signal. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.35645 |
| 2nd High | 1.35437 |
| Next High | 1.35302 |
| Current Price | 1.33890 |
| Next Low | 1.33899 |
| 2nd Low | 1.33699 |
| 3rd Low | 1.33344 |
1.35302 – 1.34926 – 1.35437 – 1.34826 – 1.34162 – 1.3434 — 32.906982804434 – 31.718656548536 — 27.239761276024 – 42.080005531913 – 14.927425926558 – 27.989291864389
Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji – Double bottom chart pattern – –