GBP/USD – 30M – SELLThe pair British Pound/US Dollar (GBP/USD) goes from the ascending trendline downwards
The bearish trend downwards to the next support at 1.343 is expected.
Caution: A possible counter-trend in the direction of the resistance line at 1.3483 is within the realm of possibility.
Consider stop-loss settings accordingly.
Additionally a ‘StochRSI %K line crosses below %D line’ indicator layout is discovered. The indicator is ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair could go down.
Additionally a ‘StochOSC Hidden Bearish Divergence’ indicator layout is discovered. The indicator is ‘StochOSC Hidden Bearish Divergence’. this is usually a bearish chart scenario. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.35074 |
| 2nd High | 1.34902 |
| Next High | 1.3483 |
| Current Price | 1.34432 |
| Next Low | 1.343 |
| 2nd Low | 1.3413 |
| 3rd Low | 1.32826 |
1.3483 – 1.34465 – 1.3379 – 1.343 – 1.3413 – 1.32826 —
1.34672 – 1.34804 —
53.107037756096 – 61.994954141323 —
– —
1.3483 – 1773140400
Trading Signals: FOREX – GBP – GBP/USD – USD – – Rising Wedge Chart Pattern – – – – – – – –