The pair British Pound/US Dollar (GBP/USD) moves from the ascending trendline downwards
A descending movement downwards to the next support level at 1.34982 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.35757 could occur.
Consider stop-loss settings accordingly.
Then a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The currency pair could go down.
Then a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36613 |
| 2nd High | 1.35989 |
| Next High | 1.35757 |
| Current Price | 1.35321 |
| Next Low | 1.34982 |
| 2nd Low | 1.34532 |
| 3rd Low | 1.34472 |
1.35757 – 1.35368 – 1.34726 – 1.34982 – 1.34532 – 1.34472 —
1.35582 – 1.35445 —
55.94727011422 – 45.181760840756 —
– —
1.35757 – 1777302000
Trading Signals: FOREX – GBP – GBP/USD – USD – – – – – – – – – –