The pair British Pound/US Dollar (GBP/USD) goes from the ascending trendline downwards
A bearish movement downwards to the next support at 1.33803 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.35577 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Additionally a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The pair is likely to go down.
Additionally a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which could be a negative chart signal. The pair is likely to go down.
Additionally a ‘Support Level’ indicator layout is detected. The indicator shows ‘Support Level’. which is often a bearish chart signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36575 |
| 2nd High | 1.36527 |
| Next High | 1.35577 |
| Current Price | 1.34425 |
| Next Low | 1.33803 |
| 2nd Low | 1.33418 |
| 3rd Low | 1.33219 |
1.35577 – 1.34426 – 1.34112 – 1.34593 – 1.33803 – 1.33418 —
1.34776 – 1.34754 —
44.650491142614 – 47.261324517384 —
– —
1.35577 – 1784149200
Trading Signals: FOREX – GBP – GBP/USD – USD – – – – – – – – – –