GBP/USD – 1H – SELL

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

A bearish descent down to the next support at 1.32456 is expected.

Caution: A possible change in the direction of resistance at 1.34668 is within the realm of possibility.
Consider stop-loss settings accordingly.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The pair is likely to go down.

Moreover a ‘StochRSI %K falls below 0.8’ indicator signal is discovered. The indicator shows ‘StochRSI %K falls below 0.8’. this is usually a bearish chart scenario. The pair is likely to go down.

Moreover a ‘Support Level’ indicator layout is existing. The indicator shows ‘Support Level’. this is usually a bearish signal. The currency pair is likely to fall.

Moreover a ‘Three Black Crows’ candle chart pattern is discovered. The chart forms ‘Three Black Crows’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Black Crows’ heading down is 82%.

1.34668 – 1.33743 – 1.33642 – 1.32456 – 1.32509 – 1.32731 —
1.34094 – 1.34093 —
61.305959302962 – 49.218477008119 —
– —
1.34668 – 1773957600

Trading Signals: FOREX – GBP – GBP/USD – USD – Three Black Crows – – – – – – – – –