GBP/USD – 30M – SELLThe combination British Pound/US Dollar (GBP/USD) goes from the bearish trendline down.
A continuation of the downward movement downwards to the next support level at 1.34241 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.34376 could occur.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘%K crosses above %D’ indicator layout is detected. The indicator shows ‘%K crosses above %D’. which could be a negative signal. The pair is likely to go down.
And also a ‘MACD crosses below signal’ indicator layout is detected. The indicator shows ‘MACD crosses below signal’. which could be a negative signal. The pair is likely to go down.
And also a ‘Northern Doji’ candlestick chart pattern is discovered. The candles show ‘Northern Doji’. which is a bullish 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 | 1.34649 |
| 2nd High | 1.34448 |
| Next High | 1.34376 |
| Current Price | 1.34057 |
| Next Low | 1.34241 |
| 2nd Low | 1.34154 |
| 3rd Low | 1.34138 |
1.34376 – 1.34448 – 1.34649 – 1.34241 – 1.34154 – 1.34503 —
1.34140 – 1.34187 —
39.150853952509 – 39.661023446046 —
– —
1.34376 – 1767942000
Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji – – – – – – – – –