GBP/USD – 30M – SELL

The combination British Pound/US Dollar (GBP/USD) jumps from the bearish trendline down.

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

Caution: A possible reversal of the trend in the direction of the resistance line at 1.36809 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is found. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The pair is likely to go down.

There is also a ‘Northern Doji’ chart pattern is detected. The candles show ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.36809 – 1.36738 – 1.36755 – 1.36345 – 1.36448 – 1.35854

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