GBP/USD – 30M – SELLThe currency pair British Pound/US Dollar (GBP/USD) jumps from the bearish trendline down.
A continuation of the bearish trend downwards to the next support line at 1.34343 will continue.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.34726 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Resistance Level’ indicator signal is found. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.
Moreover a ‘Last Engulfing Top’ candlestick chart pattern is existing. The chart forms ‘Last Engulfing Top’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Last Engulfing Top’ heading down is 68% (Bull Market) & 67% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.35817 |
| 2nd High | 1.35165 |
| Next High | 1.34726 |
| Current Price | 1.34651 |
| Next Low | 1.34343 |
| 2nd Low | 1.34337 |
| 3rd Low | 1.34015 |
1.34726 – 1.35165 – 1.35817 – 1.34343 – 1.34337 – 1.348 —
1.34479 – 1.34646 —
42.947815362358 – 57.338558570823 —
– —
1.34726 – 1771543800
Trading Signals: FOREX – GBP – GBP/USD – USD – Last Engulfing Top – – – – – – – – –