GBP/USD – 1H – SELLThe combination British Pound/US Dollar (GBP/USD) jumps from the bullish trendline down.
A bearish movement downwards to the next support level at 1.35241 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 1.35810 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Furthermore a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative signal. The pair is likely to go down.
Furthermore a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which is often a bearish signal. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.36165 |
| Next High | 1.35810 |
| Current Price | 1.34720 |
| Next Low | 1.35241 |
| 2nd Low | 1.35071 |
| 3rd Low | 1.35006 |
1.35810 – 1.36165 – 1.35797 – 1.35241 – 1.35071 – 1.35403