The pair British Pound/US Dollar (GBP/USD) moves from the ascending trendline down.
A bearish descent downwards to the next support at 1.31237 is expected.
Caution: A possible change in the direction of the resistance zone at 1.32468 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
There is also a ” indicator signal is existing. The indicator is ”. this is usually a bearish chart scenario. The currency pair is likely to fall.
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There is also a ‘MACD crosses below signal’ indicator signal is existing. The indicator is ‘MACD crosses below signal’. this is usually a bearish chart scenario. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.33977 |
| 2nd High | 1.33691 |
| Next High | 1.32468 |
| Current Price | 1.32510 |
| Next Low | 1.31237 |
| 2nd Low | 1.3095 |
| 3rd Low | 1.308 |
1.31973 – 1.32135 – 1.31152 – 1.31237 – 1.31528 – 1.3095 —
1.32380 – 1.32603 —
63.207325095389 – 71.16390567732 —
– —
1.31973 – 1764144000
Trading Signals: FOREX – GBP – GBP/USD – USD – – – – – – – – – –