GBP/USD – 4H – SELL

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

A continuation of the downtrend down to the next support level at 1.31779 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.33459 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The pair is likely to go down.

In addition a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The pair is likely to go down.

In addition a ‘Support Level’ indicator layout is found. The indicator is ‘Support Level’. which is often a bearish chart signal. The currency pair could go down.

In addition a ‘Matching Low’ chart pattern is found. The chart shows ‘Matching Low’. which is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Matching Low’ going up is 61% (Bull & Bear Market).

1.33459 – 1.34789 – 1.34668 – 1.31779 – 1.31586 – 1.32565 —
1.32176 – 1.32848 —
44.265748153858 – 59.39391619536 —
– —
1.33459 – 1775073600

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