The currency pair British Pound/US Dollar (GBP/USD) moves from the bullish trendline downwards
The bearish trend downwards to the next support line at 1.34184 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.34426 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘StochRSI %K line crosses below %D line’ indicator layout is found. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart scenario. The currency pair is likely to fall.
In addition a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. this is usually a bearish signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.34607 |
| 2nd High | 1.34441 |
| Next High | 1.34426 |
| Current Price | 1.34212 |
| Next Low | 1.34184 |
| 2nd Low | 1.34026 |
| 3rd Low | 1.33902 |
1.34426 – 1.3431 – 1.34178 – 1.34184 – 1.34026 – 1.33902 —
1.34334 – 1.34322 —
55.354072170652 – 55.698113521662 —
– —
1.34426 – 1781634600
Trading Signals: FOREX – GBP – GBP/USD – USD – – – – – – – – – –