GBP/USD – 30M – SELL

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

A continuation of the downtrend downwards to the next support level at 1.30382 is expected.

Caution: A possible change in the direction of the resistance level at 1.3102 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

Then a ‘Resistance Level’ indicator signal is discovered. The indicator shows ‘Resistance Level’. which is often a bearish chart scenario. The pair is likely to go down.

Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Current target is 1.30656118 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of the support zone at 1.3102 could occur.
In case of a trade, appropriate stop-loss settings should be considered.

1.3102 – 1.31231 – 1.31544 – 1.30382 – 1.30491 – 1.3037 —
1.30869 – 1.31055 —
53.07610705611 – 60.222519672256 —
– —
1.31020 – 1763721000

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