GBP/USD – 30M – SELL

Besides a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is detected. The indicator is ‘Exponential Moving Average 50 (EMA 50)’. which is often a bearish chart signal. The currency pair is likely to fall.

Besides a ‘StochRSI %K line crosses below %D line’ indicator layout is detected. The indicator is ‘StochRSI %K line crosses below %D line’. which is often a bearish chart signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 1.33347 at the Fibonacci level 0-Level. Caution: A possible change in the direction of support at 1.34094 could happen.
Consider stop-loss settings accordingly.

Besides a ‘Bearish Belt Hold’ candlestick chart pattern is found. The candles show ‘Bearish Belt Hold’. this is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

1.34094 – 1.3457 – 1.34804 – 1.33347 – 1.33375 – 1.33606 —
1.33444 – 1.33645 —
37.954558856969 – 54.54265817876 —
1.33347 – 1773360000 —
1.34094 – 1773325800

Trading Signals: FOREX – GBP – GBP/USD – USD – Bearish Belt Hold – – – – – – – – –