GBP/USD – 30M – SELLThe currency pair British Pound/US Dollar (GBP/USD) moves from the ascending trendline down.
A bearish trend downwards to the next support at 1.31528 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 1.31973 could happen.
Consider stop-loss settings accordingly.
Besides a ‘Resistance Level’ indicator layout is existing. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.
Besides a ‘Matching Low’ candlestick pattern is existing. The chart shows ‘Matching Low’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.32182 |
| 2nd High | 1.32135 |
| Next High | 1.31973 |
| Current Price | 1.31890 |
| Next Low | 1.31528 |
| 2nd Low | 1.3095 |
| 3rd Low | 1.308 |
1.31973 – 1.32135 – 1.31152 – 1.31528 – 1.3095 – 1.308 —
1.31789 – 1.32235 —
47.377492471346 – 64.27329423108 —
– —
1.31973 – 1764144000
Trading Signals: FOREX – GBP – GBP/USD – USD – Matching Low – – – – – – – – –