GBP/USD – 30M – SELL

The combination British Pound/US Dollar (GBP/USD) jumps from the descending trendline downwards

A continuation of the downtrend down to the next support at is certain.

Caution: A possible trend reversal in the direction of resistance at 1.36809 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Additionally a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is discovered. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart signal. The currency pair is likely to fall.

Additionally a ‘Northern Doji’ candlestick pattern is discovered. The chart forms ‘Northern Doji’. which is a bullish 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’ going up is 52% (Bull Market) & 51% (Bear Market).

1.36809 – 1.36738 – 1.36755 – 1.36345 – 1.36448 – 1.35854 — 49.916584798818 – 44.993931053281

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