GBP/USD – 4H – SELL

The pair British Pound/US Dollar (GBP/USD) jumps from the ascending trendline downwards

A descending movement down to the next support at 1.33804 will continue.

Caution: A possible trend reversal in the direction of the resistance zone at 1.35892 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Resistance Level’ indicator signal is detected. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 1-Level.Continuation of the current descending trend will continue. Current target is 1.34970516 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 1.35892 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

1.35892 – 1.3484 – 1.33459 – 1.33804 – 1.31779 – 1.31586 —
1.35813 – 1.35853 —
59.885290985272 – 65.643919212227 —
– —
1.35892 – 1776168000

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