GBP/USD – 1H – SELL

The currency pair British Pound/US Dollar (GBP/USD) goes from the ascending trendline downwards

A descent down to the next support line at 1.32871 is likely expected.

Caution: A possible reversal of the trend in the direction of the resistance zone at 1.33847 could happen.
In case of a trade, appropriate stop-loss settings should be considered.

And also a ‘%K crosses above %D’ indicator signal is detected. The indicator is ‘%K crosses above %D’. this is usually a bearish signal. The currency pair is likely to fall.

And also a ‘%K crosses below %D’ indicator signal is detected. The indicator is ‘%K crosses below %D’. this is usually a bearish signal. The currency pair is likely to fall.

And also a ‘Tweezers Top’ chart pattern is found. The chart shows ‘Tweezers Top’. which is a bearish chart scenario. The currency 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).

1.33557 – 1.33463 – 1.33622 – 1.32871 – 1.33052 – 1.33144 —
1.33912 – 1.33698 —
72.224066244538 – 58.70480160042 —
– —
1.33557 – 1765278000

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