GBP/USD – 30M – SELL

Additionally a ‘Symmetrical Triangle Chart Pattern’ chart layout is found. The chart picture forms ‘Symmetrical Triangle Chart Pattern’. which is a negative chart scenario. The pair is likely to go down.

The currency pair British Pound/US Dollar (GBP/USD) goes from the descending trendline down.

A continuation of the bearish trend down to the next support level at will continue.

Caution: A possible counter-trend in the direction of the resistance level at 1.34316 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The pair is likely to go down.

Additionally a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The pair is likely to go down.

1.34316 – 1.34261 – 1.34555 – 1.3359 – 1.33138 – 1.34004 —
1.34065 – 1.34246 —
50.619214581696 – 55.199932199334 —
– —
1.34316 – 1772487000

Trading Signals: FOREX – GBP – GBP/USD – USD – – Symmetrical Triangle Chart Pattern – – – – – – – –