GBP/USD – 30M – SELL

Moreover a ‘Double top chart pattern’ chart layout is discovered. The chart shows ‘Double top chart pattern’. which is a bearish signal. The currency pair is likely to fall.

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

A continuation of the bearish trend down to the next support at 1.35241 will persist.

Caution: A possible reversal of the trend in the direction of the resistance level at 1.35655 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Support Level’ indicator layout is discovered. The indicator is ‘Support Level’. this is usually a bearish chart scenario. The currency pair could go down.

Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.35253192 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support line at 1.35655 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Moreover a ‘Northern Doji’ candle chart pattern is existing. The candles show ‘Northern Doji’. this is a bullish pattern signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.35655 – 1.35810 – 1.35634 – 1.35241 – 1.35071 – 1.35638

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