The pair British Pound/US Dollar (GBP/USD) moves from the bearish trendline down.
A continuation of the downtrend downwards to the next support line at 1.32971 will continue.
Caution: A possible change in the direction of resistance at 1.33724 could happen.
In the case of a trade, always set appropriate stop-loss settings.
There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart scenario. The currency pair could go down.
There is also a ‘Support Level’ indicator signal is found. The indicator is ‘Support Level’. which could be a negative signal. The currency pair could go down.
Correction of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 1.33196984 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of support at 1.33724 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.33864 |
| 2nd High | 1.33764 |
| Next High | 1.33724 |
| Current Price | 1.33236 |
| Next Low | 1.32971 |
| 2nd Low | 1.32528 |
| 3rd Low | 1.31792 |
1.33724 – 1.33764 – 1.33864 – 1.32971 – 1.33056 – 1.33461 —
1.33660 – 1.33790 —
54.321226420474 – 54.188850391445 —
– —
1.33724 – 1772775000
Trading Signals: FOREX – GBP – GBP/USD – USD – – Symmetrical Triangle Chart Pattern – – – – – – – –