GBP/USD – 1H – SELLMoreover a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The chart picture forms ‘Rising Wedge Chart Pattern’. which is a negative signal. The pair is likely to go down.
The combination British Pound/US Dollar (GBP/USD) moves from the bullish trendline down.
A descent downwards to the next support line at 1.36426 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.37127 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Moreover a ‘StochRSI %K line crosses below %D line’ indicator layout is existing. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.37884 |
| 2nd High | 1.37522 |
| Next High | 1.37127 |
| Current Price | 1.36744 |
| Next Low | 1.36426 |
| 2nd Low | 1.34015 |
| 3rd Low | 1.34008 |
1.37127 – 1.36817 – 1.34589 – 1.36426 – 1.34015 – 1.34008 —
1.36885 – 1.37003 —
62.442327606209 – 66.139872619023 —
– —
1.37127 – 1769450400
Trading Signals: FOREX – GBP – GBP/USD – USD – – Rising Wedge Chart Pattern – – – – – – – –