GBP/USD – 30M – SELL

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

A continuation of the bearish trend down to the next support line at will continue.

Caution: A possible trend reversal in the direction of resistance at 1.36809 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Besides a ‘Exponential Moving Average 100 (EMA 100)’ indicator signal is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish chart signal. The currency pair is likely to fall.

Besides a ‘Northern Doji’ candle chart pattern is existing. The chart shows ‘Northern Doji’. this 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 probability of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).

1.36809 – 1.36738 – 1.36755 – 1.36345 – 1.36448 – 1.35854 — 49.916584798818 – 44.993931053281 — 81.37914567045 – 58.086060866194 – 88.962279412809 – 76.214872207612

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