GBP/USD – 30M – SELLThe combination British Pound/US Dollar (GBP/USD) jumps from the bullish trendline downwards
A bearish movement downwards to the next support line at 1.33893 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 1.34404 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Northern Doji’ chart pattern is detected. The candles form ‘Northern Doji’. which is a positive pattern signal. The currency pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Northern Doji’ heading up is 52% (Bull Market) & 51% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.34649 |
| 2nd High | 1.34508 |
| Next High | 1.34404 |
| Current Price | 1.34691 |
| Next Low | 1.33893 |
| 2nd Low | 1.33633 |
| 3rd Low | 1.33566 |
1.34404 – 1.34508 – 1.34376 – 1.33893 – 1.3392 – 1.34241 —
1.34696 – 1.34762 —
61.671879785884 – 60.081042969801 —
– —
1.34404 – 1768186800
Trading Signals: FOREX – GBP – GBP/USD – USD – Northern Doji – – – – – – – – –