GBP/USD – 1H – SELL

The currency pair British Pound/US Dollar (GBP/USD) jumps from the descending trendline down.

A continuation of the bearish trend down to the next support at 1.31792 is likely expected.

Caution: A possible counter-trend in the direction of the resistance line at 1.34316 could occur.
Please make appropriate stop-loss settings in the case of a trade.

In addition a ‘Support Level’ indicator layout is existing. The indicator is ‘Support Level’. which is often a bearish chart signal. The currency pair is likely to fall.

In addition a ‘Three Inside Down’ candlestick pattern is discovered. The chart forms ‘Three Inside Down’. this is a bearish signal. The currency pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Three Inside Down’ going down is 60% (Bull Market) & 63% (Bear Market).

1.34316 – 1.34902 – 1.35074 – 1.33138 – 1.34448 – 1.34903 —
1.33887 – 1.33272 —
37.926782620939 – 38.26004998052 —
– —
1.34316 – 1772485200

Trading Signals: FOREX – GBP – GBP/USD – USD – Three Inside Down – – – – – – – – –