GBP/USD – 30M – SELLAnd also a ‘%K crosses below %D’ indicator signal is detected. The indicator shows ‘%K crosses below %D’. this is usually a bearish chart signal. The currency pair could go down.
And also a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which is often a bearish chart signal. The pair is likely to go down.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 1.348435 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support level at 1.35674 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
And also a ‘Northern Doji’ candlestick chart pattern is found. The candles form ‘Northern Doji’. which is a bullish 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36809 |
| 2nd High | 1.36712 |
| Next High | 1.35674 |
| Current Price | 1.34999 |
| Next Low | 1.34138 |
| 2nd Low | 1.34013 |
| 3rd Low | 1.33633 |
1.35674 – 1.3548 – 1.35017 – 1.35279 – 1.34138 – 1.34336 —
1.35395 – 1.35341 —
42.729180588657 – 39.316970631958 —
– —
1.35674 – 1767690000
Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji – – – – – – – – –