GBP/USD – 30M – SELL

Also there is a ‘Symmetrical Triangle Chart Pattern’ chart formation is detected. The formation shows ‘Symmetrical Triangle Chart Pattern’. which is a negative chart scenario. The currency pair is likely to go down.

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

A bearish trend down to the next support line at 1.31332 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.31707 is within the realm of possibility.
Consider stop-loss settings accordingly.

Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. this is usually a bearish signal. The pair is likely to go down.

Also there is a ‘Support Level’ indicator signal is existing. The indicator is ‘Support Level’. which is often a bearish chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.31332 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.31707 is within the realm of possibility.
Consider stop-loss settings accordingly.

Also there is a ‘Southern Doji’ candlestick pattern is discovered. The chart forms ‘Southern Doji’. which is a bullish signal. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Southern Doji’ heading up is 51% (Bull Market) & 52% (Bear Market).

1.31707 – 1.3176 – 1.31925 – 1.31332 – 1.31415 – 1.31353 —
1.31493 – 1.31556 —
48.731489248458 – 50.062260738782 —
– —
1.31707 – 1763487000

Trading Signals: FOREX – GBP – GBP/USD – USD – Southern Doji – Symmetrical Triangle Chart Pattern – – – –