GBP/USD – 30M – SELL

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

A continuation of the bearish trend down to the next support level at is certain.

Caution: A possible counter-trend in the direction of the resistance zone at 1.3569 could occur.
In the case of a trade, always set appropriate stop-loss settings.

Moreover a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart scenario. The currency pair is likely to fall.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Current target is 1.35119 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of support at 1.3569 could occur.
In the case of a trade, always set appropriate stop-loss settings.

1.3569 – 1.3601 – 1.36035 – 1.35119 – 1.3523 – 1.3568 —
1.35276 – 1.35499 —
36.587077998878 – 62.808506301411 —
– —
1.3569 – 1777915800

Trading Signals: FOREX – GBP – GBP/USD – USD – – – – – – – – – –