EUR/GBP – 30M – SELL

The pair Euro/British Pound (EUR/GBP) jumps from the descending trendline downwards

A continuation of the downtrend downwards to the next support line at 0.86556 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 0.8677 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

Furthermore a ‘Support Level’ indicator signal is found. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The currency pair could go down.

Furthermore a ‘Northern Doji’ candle pattern is detected. The chart forms ‘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 chance of ‘Northern Doji’ going up is 52% (Bull Market) & 51% (Bear Market).

0.8677 – 0.86844 – 0.87045 – 0.86556 – 0.86768 – 0.86804 —
56.72911016348 – 53.094218251942 —
88.431320175197 – 75.618917539887 – 92.219465707384 – 85.16254717174

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