GBP/USD – 30M – SELLThe combination British Pound/US Dollar (GBP/USD) moves from the bearish trendline downwards
A continuation of the downtrend down to the next support at 1.32095 is expected.
Caution: A possible counter-trend in the direction of the resistance line at 1.32548 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Also there is a ‘Matching Low’ candle chart pattern is existing. The chart shows ‘Matching Low’. this is a bullish chart scenario. The currency pair is likely to rise. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Matching Low’ going up is 61% (Bull & Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.33691 |
| 2nd High | 1.32681 |
| Next High | 1.32548 |
| Current Price | 1.32354 |
| Next Low | 1.32095 |
| 2nd Low | 1.31237 |
| 3rd Low | 1.3095 |
1.32548 – 1.32681 – 1.31973 – 1.32095 – 1.31237 – 1.31528 —
1.32380 – 1.32443 —
49.834435513246 – 52.523344792973 —
– —
1.32548 – 1764266400
Trading Signals: FOREX – GBP – GBP/USD – USD – Matching Low – – – – – – – – –