GBP/USD – 1H – SELL

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

A continuation of the downtrend down to the next support level at 1.30382 will continue.

Caution: A possible trend reversal in the direction of the resistance zone at 1.31088 could happen.
Consider stop-loss settings accordingly.

Furthermore a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator shows ‘Exponential Moving Average 100 (EMA 100)’. this is usually a bearish signal. The currency pair could go down.

Furthermore a ‘Resistance Level’ indicator signal is existing. The indicator is ‘Resistance Level’. which could be a negative signal. The pair is likely to go down.

Furthermore a ‘Northern Doji’ candle chart pattern is detected. The chart forms ‘Northern Doji’. which is a bullish pattern signal. The currency pair is likely to rise. 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).

1.31088 – 1.31231 – 1.3176 – 1.30382 – 1.3037 – 1.31332 —
1.30957 – 1.30992 —
49.998589105009 – 48.890549132665 —
– —
1.31088 – 1763758800

Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji – Rising Wedge Chart Pattern – – – – – – – –