GBP/USD – 1H – SELL

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

A continuation of the bearish trend down to the next support line at 1.32826 is expected.

Caution: A possible change in the direction of the resistance level at 1.34092 is also possible.
In the case of a trade, always set appropriate stop-loss settings.

Also there is a ‘Exponential Moving Average 200 (EMA 200)’ indicator layout is detected. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which is often a bearish chart signal. The pair is likely to go down.

Also there is a ‘Resistance Level’ indicator signal is detected. The indicator is ‘Resistance Level’. which could be a negative chart scenario. The currency pair is likely to fall.

Also there is a ‘Shooting Star’ candlestick pattern is found. The candles show ‘Shooting Star’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Shooting Star’ going down is 59% (Bull Market) & 60% (Bear Market).

1.34092 – 1.33864 – 1.34027 – 1.32826 – 1.33109 – 1.32971 —
1.33632 – 1.34084 —
51.033670078135 – 61.69140493958 —
– —
1.34092 – 1772820000

Trading Signals: FOREX – GBP – GBP/USD – USD – Shooting Star – – – – – – – – –