GBP/USD – 30M – SELL

The currency pair British Pound/US Dollar (GBP/USD) jumps from the descending trendline down.

A continuation of the downward movement downwards to the next support at is likely expected.

Caution: A possible change in the direction of the resistance line at 1.351 is also possible.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The currency pair could go down.

There is also a ‘Bearish Engulfing’ candle chart pattern is discovered. The candles show ‘Bearish Engulfing’. which is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Engulfing’ heading down is 79%.

1.351 – 1.35352 – 1.35394 – 1.34812 – 1.34787 – 1.34916 —
1.34984 – 1.35113 —
39.809781670928 – 57.505292189364 —
– —
1.351 – 1776916800

Trading Signals: FOREX – GBP – GBP/USD – USD – Bearish Engulfing – Rising Wedge Chart Pattern – – – – – – – –