GBP/USD – 4H – BUYThe currency pair British Pound/US Dollar (GBP/USD) jumps from the ascending trendline down.
A descending movement down to the next support level at 1.32502 is considered certain.
Caution: A possible reversal of the trend in the direction of resistance at 1.35928 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.35928 |
| Current Price | 1.34690 |
| Next Low | 1.32502 |
| 2nd Low | 1.31394 |
| 3rd Low | 1.27079 |
1.35928 – 1.34686 – 1.33599 – 1.32502 – 1.31394 – 1.32551
Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji