GBP/USD – 30M – SELL

The combination British Pound/US Dollar (GBP/USD) jumps from the descending trendline downwards

A continuation of the bearish trend downwards to the next support level at is considered certain.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.34589 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Moreover a ‘%K crosses below %D’ indicator layout is discovered. The indicator is ‘%K crosses below %D’. this is usually a bearish chart scenario. The currency pair is likely to fall.

Moreover a ‘Northern Doji’ candlestick chart pattern is found. The candles form ‘Northern Doji’. which is a bullish 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).

1.34589 – 1.34562 – 1.34911 – 1.34095 – 1.34008 – 1.3425 —
1.34318 – 1.34294 —
50.895703844644 – 51.967279846031 —
– —
1.34589 – 1769014800

Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji – Inverse Head and Shoulder chart pattern – – – – – – – –