GBP/USD – 30M – SELLThe pair British Pound/US Dollar (GBP/USD) jumps from the ascending trendline downwards
The bearish trend down to the next support at 1.31074 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.31544 should always be considered.
Consider stop-loss settings accordingly.
In addition a ‘Northern Doji’ candlestick pattern is found. The chart shows ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. 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).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.3176 |
| 2nd High | 1.31707 |
| Next High | 1.31544 |
| Current Price | 1.31073 |
| Next Low | 1.31074 |
| 2nd Low | 1.31 |
| 3rd Low | 1.30839 |
1.31544 – 1.31707 – 1.3176 – 1.31285 – 1.31332 – 1.31415 —
1.31296 – 1.31282 —
37.86103160593 – 39.644395001274 —
– —
1.31544 – 1763541000
Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji – Double top chart pattern – – – –