GBP/USD – 1H – SELLThe currency pair British Pound/US Dollar (GBP/USD) moves from the bullish trendline downwards
A bearish trend downwards to the next support line at 1.33272 will continue.
Caution: A possible change in the direction of the resistance zone at 1.33536 is within the realm of possibility.
Consider stop-loss settings accordingly.
Moreover a ‘%K crosses below %D’ indicator layout is found. The indicator shows ‘%K crosses below %D’. this is usually a bearish signal. The currency pair could go down.
Moreover a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which is often a bearish signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.34424 |
| 2nd High | 1.33691 |
| Next High | 1.33536 |
| Current Price | 1.33421 |
| Next Low | 1.33272 |
| 2nd Low | 1.31792 |
| 3rd Low | 1.31237 |
1.33536 – 1.32753 – 1.32541 – 1.33272 – 1.31792 – 1.3205 —
1.33335 – 1.33635 —
67.312383273895 – 77.299827801141 —
– —
1.33536 – 1764802800
Trading Signals: FOREX – GBP – GBP/USD – USD – – – – – – – – – –