The currency pair British Pound/US Dollar (GBP/USD) jumps from the descending trendline downwards
A continuation of the downward movement downwards to the next support at 1.32282 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 1.32764 could occur.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The pair is likely to go down.
There is also a ‘MACD crosses below signal’ indicator signal is found. The indicator shows ‘MACD crosses below signal’. this is usually a bearish chart scenario. The pair is likely to go down.
There is also a ‘Resistance Level’ indicator signal is found. The indicator shows ‘Resistance Level’. which could be a negative chart signal. The currency pair is likely to fall.
There is also a ‘Three Black Crows’ candle pattern is detected. The candles show ‘Three Black Crows’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.34336 |
| 2nd High | 1.33246 |
| Next High | 1.32764 |
| Current Price | 1.32366 |
| Next Low | 1.32282 |
| 2nd Low | 1.3212 |
| 3rd Low | 1.31877 |
1.32764 – 1.32467 – 1.32619 – 1.32282 – 1.3212 – 1.31877 —
1.32502 – 1.32484 —
55.206523605817 – 47.674527667565 —
– —
1.32764 – 1782842400
Trading Signals: FOREX – GBP – GBP/USD – USD – Three Black Crows – – – – – – – – –