GBP/USD – 1H – SELLBesides a ‘%K crosses below %D’ indicator layout is discovered. The indicator is ‘%K crosses below %D’. which could be a negative chart scenario. The currency pair could go down.
Besides a ‘Support Level’ indicator layout is discovered. The indicator shows ‘Support Level’. which could be a negative chart scenario. The currency pair could go down.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Current target is 1.33621 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support level at 1.34445 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.34944 |
| 2nd High | 1.34637 |
| Next High | 1.34445 |
| Current Price | 1.33825 |
| Next Low | 1.33621 |
| 2nd Low | 1.33566 |
| 3rd Low | 1.33404 |
1.34445 – 1.34637 – 1.34944 – 1.33621 – 1.34191 – 1.33893 —
1.33855 – 1.33905 —
31.02828967643 – 45.200412623042 —
– —
1.34445 – 1768474800
Trading Signals: FOREX – GBP – GBP/USD – USD – – – – – – – – – –