GBP/USD – 30M – SELL

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

A continuation of the bearish trend down to the next support level at 1.34571 is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.34953 should be noted.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The currency pair is likely to fall.

Besides a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair is likely to fall.

Besides a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. which could be a negative chart signal. The currency pair could go down.

Besides a ‘Bearish Engulfing’ candlestick pattern is found. The candles show ‘Bearish Engulfing’. this is a bearish chart scenario. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Engulfing’ going down is 79%.

1.34953 – 1.35135 – 1.35275 – 1.34571 – 1.34945 – 1.34627 —
1.34755 – 1.34919 —
32.81852564897 – 56.168931986778 —
– —
1.34953 – 1777518000

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