The combination British Pound/US Dollar (GBP/USD) jumps from the bearish trendline downwards
A continuation of the bearish trend down to the next support at 1.34138 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 1.34649 should be noted.
Consider stop-loss settings accordingly.
Moreover a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. which is often a bearish chart signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.35674 |
| 2nd High | 1.35165 |
| Next High | 1.34649 |
| Current Price | 1.34439 |
| Next Low | 1.34138 |
| 2nd Low | 1.34013 |
| 3rd Low | 1.33633 |
1.34649 – 1.35165 – 1.35674 – 1.34503 – 1.34849 – 1.34914 —
1.34604 – 1.34474 —
37.663750493889 – 42.081438181348 —
– —
1.34649 – 1767850200
Trading Signals: FOREX – GBP – GBP/USD – USD – – – – – – – – – –