The pair British Pound/US Dollar (GBP/USD) moves from the bearish trendline down.
A continuation of the downward movement downwards to the next support level at 1.36635 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 1.38309 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Then a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.38686 |
| Next High | 1.38309 |
| Current Price | 1.37742 |
| Next Low | 1.36635 |
| 2nd Low | 1.36426 |
| 3rd Low | 1.34819 |
1.38309 – 1.38686 – 1.37003 – 1.36635 – 1.367 – 1.36426 —
1.37878 – 1.37904 —
48.861454557199 – 51.386299517819 —
– —
1.38309 – 1769590800
Trading Signals: FOREX – GBP – GBP/USD – USD – – – – – – – – – –