GBP/USD – 1H – SELL

The currency pair British Pound/US Dollar (GBP/USD) goes from the bullish trendline downwards

A bearish trend down to the next support line at 1.34015 will persist.

Caution: A possible trend reversal in the direction of the resistance level at 1.34589 is also possible.
Consider stop-loss settings accordingly.

Besides a ‘Northern Doji’ candlestick pattern is discovered. The chart shows ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.34589 – 1.34911 – 1.34346 – 1.34015 – 1.34008 – 1.3425 —
1.34953 – 1.35005 —
68.830332003115 – 65.101110471236 —
– —
1.34589 – 1769014800

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