GBP/USD – 30M – SELL

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

A descent down to the next support level at 1.308 is expected.

Caution: A possible counter-trend in the direction of the resistance zone at 1.3111 could occur.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The pair is likely to go down.

Besides a ‘Northern Doji’ candlestick pattern is discovered. The candles form ‘Northern Doji’. which is a positive chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.3111 – 1.31088 – 1.3102 – 1.308 – 1.30872 – 1.30848 —
1.31058 – 1.31111 —
49.128439416625 – 55.289754169218 —
– —
1.31110 – 1763971200

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