GBP/USD – 1H – SELL

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

A bearish movement down to the next support line at 1.30942 is likely expected.

Caution: A possible trend reversal in the direction of resistance at 1.32182 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

Next a ‘%K crosses below %D’ indicator signal is discovered. The indicator shows ‘%K crosses below %D’. which could be a negative chart scenario. The pair is likely to go down.

Next a ‘Northern Doji’ candlestick chart pattern is found. The chart shows ‘Northern Doji’. which is a positive pattern signal. The 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).

1.31744 – 1.3142 – 1.30528 – 1.30942 – 1.30096 – 1.31077 —
1.31873 – 1.31837 —
63.573223172226 – 59.372061361655 —
– —
1.31744 – 1762545600

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