GBP/USD – 1H – SELL

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

A continuation of the bearish trend down to the next support at 1.3211 is expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.32681 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The currency pair is likely to fall.

Additionally a ‘MACD crosses below signal’ indicator signal is found. The indicator shows ‘MACD crosses below signal’. which could be a negative signal. The currency pair is likely to fall.

Additionally a ‘Resistance Level’ indicator layout is found. The indicator shows ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair could go down.

Additionally a ‘Bearish Engulfing’ candlestick chart pattern is discovered. The candles form ‘Bearish Engulfing’. which is a bearish pattern signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.

1.32681 – 1.32424 – 1.3251 – 1.3211 – 1.31779 – 1.31812 —
1.32479 – 1.32569 —
60.105284088441 – 51.16696780683 —
– —
1.32681 – 1775494800

Trading Signals: FOREX – GBP – GBP/USD – USD – Bearish Engulfing – Rising Wedge Chart Pattern – – – – – – – –