GBP/USD – 30M – SELLThe pair British Pound/US Dollar (GBP/USD) jumps from the bullish trendline down.
A bearish trend down to the next support level at 1.36293 is certain.
Caution: A possible change in the direction of the resistance zone at 1.36712 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘Northern Doji’ candle pattern is found. The chart shows ‘Northern Doji’. this is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37522 |
| 2nd High | 1.36809 |
| Next High | 1.36712 |
| Current Price | 1.36365 |
| Next Low | 1.36293 |
| 2nd Low | 1.36235 |
| 3rd Low | 1.35937 |
1.36712 – 1.36194 – 1.35629 – 1.36293 – 1.36235 – 1.35937 — 48.917555589962 – 43.312864982602 — 39.411155403497 – 6.3006790336587 – 54.770944850879 – 33.119133531421
Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji – – –