EUR/GBP – 30M – SELL

The currency pair Euro/British Pound (EUR/GBP) jumps from the bullish trendline down.

A descent down to the next support level at 0.87895 is considered certain.

Caution: A possible counter-trend in the direction of the resistance level at 0.88283 should be noted.
Consider stop-loss settings accordingly.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a positive chart scenario. The currency pair could go up.

Moreover a ‘Support Level’ indicator layout is detected. The indicator is ‘Support Level’. which is often a bullish signal. The currency pair is likely to rise.

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

0.88283 – 0.8865 – 0.8843 – 0.87895 – 0.8792 – 0.88119 —
0.88129 – 0.88138 —
54.418701766424 – 56.912668072252 —
– —
0.88283 – 1763368200

Trading Signals: FOREX – EUR – EUR/GBP – GBP – Northern Doji – Double bottom retreat down – – – –