GBP/USD – 4H – SELL

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

A continuation of the downward movement downwards to the next support at is expected.

Caution: A possible change in the direction of resistance at 1.32153 should be noted.
Consider stop-loss settings accordingly.

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator signal is found. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative signal. The pair is likely to go down.

Besides a ‘%K crosses below %D’ indicator signal is found. The indicator is ‘%K crosses below %D’. which could be a negative signal. The pair is likely to go down.

Besides a ‘Tweezers Top’ chart pattern is existing. The chart shows ‘Tweezers Top’. which is a negative pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).

1.32153 – 1.31907 – 1.33691 – 1.3037 – 1.30096 – 1.30963 —
1.31067 – 1.31159 —
49.304748182053 – 51.222942464083 —
– —
1.32153 – 1763049600

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