GBP/USD – 30M – SELL

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

A continuation of the bearish trend downwards to the next support line at 1.33347 is considered certain.

Caution: A possible trend reversal in the direction of the resistance zone at 1.34094 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The pair is likely to go down.

Moreover a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which is often a bearish chart signal. The pair is likely to go down.

Moreover a ‘Shooting Star’ candlestick pattern is detected. The chart shows ‘Shooting Star’. which is a negative pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Shooting Star’ heading down is 59% (Bull Market) & 60% (Bear Market).

1.34094 – 1.3457 – 1.34804 – 1.33347 – 1.33375 – 1.33606 —
1.33465 – 1.33693 —
36.911396470171 – 56.4317095374 —
– —
1.34094 – 1773325800

Trading Signals: FOREX – GBP – GBP/USD – USD – Shooting Star – – – – – – – – –