GBP/USD – 30M – SELL

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

A continuation of the downward movement downwards to the next support line at 1.32698 is likely expected.

Caution: A possible change in the direction of resistance at 1.33360 could happen.
Consider stop-loss settings accordingly.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.32551 at the Fibonacci level 0-Level. Caution: A possible change in the direction of support at 1.33360 could happen.
Consider stop-loss settings accordingly.

Moreover a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish chart signal. The pair is likely to go down.

Moreover a ‘Three Black Crows’ candlestick chart pattern is found. The chart forms ‘Three Black Crows’. this is a bearish pattern signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Three Black Crows’ going down is 82%.

Moreover a ‘Support Level’ indicator signal is detected. The indicator shows ‘Support Level’. which is often a bearish chart signal. The currency pair could go down.

1.33360 – 1.33304 – 1.33215 – 1.32698 – 1.32751 – 1.32551

Download GBP/USD Signal Image

Trading Signals: FOREX – GBP – GBP/USD – USD – Three Black Crows