GBP/USD – 4H – SELL

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

A continuation of the downward movement downwards to the next support at is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.34828 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.

Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair is likely to fall.

Besides a ‘Southern Doji’ candlestick pattern is found. The chart shows ‘Southern Doji’. which is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

1.34828 – 1.3485 – 1.35087 – 1.33242 – 1.33056 – 1.34094 —
1.34254 – 1.34441 —
51.566473020615 – 56.378342657637 —
– —
1.34828 – 1780660800

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