GBP/USD – 1H – SELL

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

A descent down to the next support level at 1.32826 is expected.

Caution: A possible change in the direction of resistance at 1.34902 could happen.
Consider stop-loss settings accordingly.

And also a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair could go down.

And also a ‘Matching Low’ candlestick chart pattern is discovered. The chart shows ‘Matching Low’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).

1.34092 – 1.33864 – 1.34027 – 1.32826 – 1.33109 – 1.32971 —
1.34440 – 1.34799 —
66.553730799929 – 72.440171857529 —
– —
1.34092 – 1772820000

Trading Signals: FOREX – GBP – GBP/USD – USD – Matching Low – – – – – – – – –