GBP/USD – 30M – SELL

The pair British Pound/US Dollar (GBP/USD) jumps from the descending trendline down.

A continuation of the downtrend down to the next support at is certain.

Caution: A possible counter-trend in the direction of the resistance zone at 1.31925 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The currency pair is likely to fall.

Moreover a ‘%K crosses below %D’ indicator layout is existing. The indicator shows ‘%K crosses below %D’. which is often a bearish chart signal. The currency pair is likely to fall.

Moreover a ‘Northern Doji’ candlestick pattern is detected. The candles show ‘Northern Doji’. this is a bullish chart scenario. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

1.31925 – 1.3174 – 1.32002 – 1.31415 – 1.31353 – 1.3148 —
1.31632 – 1.31684 —
55.005768571689 – 49.151820239193 —
– —
1.31925 – 1763389800

Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji – – – – –