The combination British Pound/US Dollar (GBP/USD) goes from the ascending trendline down.
A bearish movement downwards to the next support at 1.32731 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.33693 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
In addition a ‘MACD crosses below signal’ indicator layout is discovered. The indicator shows ‘MACD crosses below signal’. which could be a negative chart scenario. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.3457 |
| 2nd High | 1.34094 |
| Next High | 1.33693 |
| Current Price | 1.33517 |
| Next Low | 1.32731 |
| 2nd Low | 1.32299 |
| 3rd Low | 1.32178 |
1.3339 – 1.32654 – 1.32892 – 1.32731 – 1.32299 – 1.32178 —
1.33460 – 1.33637 —
59.786765103973 – 65.679158403273 —
– —
1.3339 – 1773698400
Trading Signals: FOREX – GBP – GBP/USD – USD – – – – – – – – – –