GBP/USD – 30M – SELL

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

A continuation of the downtrend down to the next support at 1.36635 is likely expected.

Caution: A possible counter-trend in the direction of the resistance zone at 1.37875 could happen.
Consider stop-loss settings accordingly.

There is also a ‘StochRSI %K line crosses below %D line’ indicator signal is existing. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart signal. The pair is likely to go down.

There is also a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which is often a bearish chart signal. The currency pair is likely to fall.

There is also a ‘Three Outside Down’ candlestick pattern is detected. The chart forms ‘Three Outside Down’. which is a negative signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.37875 – 1.38139 – 1.38337 – 1.37247 – 1.37312 – 1.3742 —
1.37672 – 1.37289 —
45.82360174862 – 38.481853210748 —
– —
1.37875 – 1769781600

Trading Signals: FOREX – GBP – GBP/USD – USD – Three Outside Down – – – – – – – – –