GBP/USD – 1H – SELL

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

A continuation of the bearish trend downwards to the next support line at 1.34015 is likely expected.

Caution: A possible change in the direction of the resistance level at 1.37327 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which could be a negative chart signal. The pair is likely to go down.

There is also a ‘Three Outside Down’ candle pattern is existing. The chart shows ‘Three Outside Down’. this is a bearish chart scenario. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Outside Down’ heading down is 69% (Bull Market) & 70% (Bear Market).

1.37327 – 1.37149 – 1.37875 – 1.365 – 1.36227 – 1.3742 —
1.36517 – 1.36289 —
39.404467778287 – 31.96844629673 —
– —
1.37327 – 1770202800

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