GBP/USD – 30M – SELLThe pair British Pound/US Dollar (GBP/USD) jumps from the bullish trendline downwards
A descent down to the next support level at 1.33831 is certain.
Caution: A possible change in the direction of the resistance line at 1.34254 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Additionally a ‘Bearish Belt Hold’ candlestick chart pattern is detected. The chart shows ‘Bearish Belt Hold’. which is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the chance of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.34828 |
| 2nd High | 1.34326 |
| Next High | 1.34254 |
| Current Price | 1.34437 |
| Next Low | 1.33831 |
| 2nd Low | 1.33242 |
| 3rd Low | 1.33056 |
1.34254 – 1.34326 – 1.33911 – 1.33831 – 1.33242 – 1.33495 —
1.34107 – 1.34539 —
45.695728199113 – 66.851553464207 —
– —
1.34254 – 1781267400
Trading Signals: FOREX – GBP – GBP/USD – USD – Bearish Belt Hold – – – – – – – – –