GBP/USD – 1H – SELLThe currency pair British Pound/US Dollar (GBP/USD) goes from the ascending trendline downwards
A descending movement downwards to the next support level at 1.36426 is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.36817 could occur.
In the case of a trade, always set appropriate stop-loss settings.
In addition a ‘%K crosses below %D’ indicator layout is discovered. The indicator shows ‘%K crosses below %D’. this is usually a bearish chart signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37884 |
| 2nd High | 1.37522 |
| Next High | 1.36817 |
| Current Price | 1.36878 |
| Next Low | 1.36426 |
| 2nd Low | 1.34015 |
| 3rd Low | 1.34008 |
1.36817 – 1.34589 – 1.34911 – 1.36426 – 1.34015 – 1.34008 —
1.36677 – 1.37122 —
70.021214004054 – 74.486093953225 —
1.36426 – 1769421600 —
1.36817 – 1769385600
Trading Signals: FOREX – GBP – GBP/USD – USD – – – – – – – – – –