GBP/USD – 1H – SELLThe currency pair British Pound/US Dollar (GBP/USD) jumps from the bearish trendline down.
A continuation of the downtrend down to the next support level at 1.34138 will persist.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.35165 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart signal. The currency pair is likely to fall.
There is also a ‘%K crosses below %D’ indicator layout is discovered. The indicator shows ‘%K crosses below %D’. which could be a negative chart signal. The currency pair is likely to fall.
There is also a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. this is usually a bearish chart signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36602 |
| 2nd High | 1.35674 |
| Next High | 1.35165 |
| Current Price | 1.34712 |
| Next Low | 1.34138 |
| 2nd Low | 1.34013 |
| 3rd Low | 1.33566 |
1.35165 – 1.35674 – 1.35017 – 1.34913 – 1.34138 – 1.34013 —
1.35162 – 1.35009 —
40.969810569251 – 47.97136518278 —
– —
1.35165 – 1767762000
Trading Signals: FOREX – GBP – GBP/USD – USD – – – – – – – – – –