GBP/USD – 30M – SELL

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

A continuation of the downward movement downwards to the next support level at 1.31487 is likely expected.

Caution: A possible trend reversal in the direction of the resistance level at 1.31787 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

In addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart scenario. The currency pair is likely to fall.

In addition a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The currency pair is likely to fall.

In addition a ‘Southern Doji’ candlestick pattern is existing. The chart shows ‘Southern Doji’. which is a bullish chart scenario. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

1.31787 – 1.32087 – 1.32494 – 1.31487 – 1.31398 – 1.31819 —
1.31794 – 1.31800 —
58.197048999176 – 53.044566618007 —
– —
1.31787 – 1782329400

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