GBP/USD – 1H – SELL

The combination British Pound/US Dollar (GBP/USD) jumps from the bearish trendline down.

A continuation of the downtrend downwards to the next support level at 1.34787 will persist.

Caution: A possible counter-trend in the direction of the resistance line at 1.35352 could happen.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator is ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish signal. The pair is likely to go down.

There is also a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish signal. The pair is likely to go down.

There is also a ‘Support Level’ indicator signal is discovered. The indicator shows ‘Support Level’. which is often a bearish signal. The currency pair could go down.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 1.34727 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support level at 1.35352 could happen.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Three Outside Down’ candlestick chart pattern is found. The chart shows ‘Three Outside Down’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Outside Down’ going down is 69% (Bull Market) & 70% (Bear Market).

1.35352 – 1.35394 – 1.35441 – 1.34787 – 1.34916 – 1.34746 —
1.34992 – 1.35179 —
42.082432512976 – 54.438994142741 —
– —
1.35352 – 1776859200

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