GBP/USD – 30M – SELL

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

A continuation of the bearish trend down to the next support line at 1.308 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.31159 could be enabled.
Consider stop-loss settings accordingly.

Additionally a ‘MACD crosses below signal’ indicator signal is detected. The indicator is ‘MACD crosses below signal’. this is usually a bearish chart signal. The currency pair is likely to fall.

Additionally a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. this is usually a bearish chart signal. The pair is likely to go down.

Additionally a ‘Northern Doji’ candle pattern is found. The chart forms ‘Northern Doji’. this is a bullish pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.31159 – 1.3111 – 1.31088 – 1.308 – 1.30872 – 1.30848 —
1.31159 – 1.31098 —
56.810684448521 – 54.2422347629 —
1.31159 – 1764018000 —
– 1764018000

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