GBP/USD – 4H – SELL

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

A continuation of the downtrend down to the next support line at 1.33056 is expected.

Caution: A possible change in the direction of the resistance level at 1.34828 could happen.
In the case of a trade, always set appropriate stop-loss settings.

Besides a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. which could be a negative signal. The pair is likely to go down.

Besides a ‘Northern Doji’ candle chart pattern is discovered. The candles form ‘Northern Doji’. this is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.34828 – 1.3485 – 1.35087 – 1.33056 – 1.34094 – 1.34063 —
1.33693 – 1.34102 —
37.669133130419 – 46.284232893509 —
1.33056 – 1780920000 —
1.34828 – 1780660800

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