GBP/USD – 30M – SELLIn addition a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is detected. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart signal. The currency pair could go down.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Current target is 1.352445 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the support zone at 1.35930 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.36165 |
| Next High | 1.35930 |
| Current Price | 1.35427 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.35930 – 1.35097 – 1.35364 – 1.34639 – 1.34898 – 1.34559