The currency pair British Pound/US Dollar (GBP/USD) moves from the bearish trendline down.
A continuation of the downtrend downwards to the next support level at is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.33429 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘Exponential Moving Average 50 (EMA 50)’ indicator layout is discovered. The indicator shows ‘Exponential Moving Average 50 (EMA 50)’. which could be a negative chart scenario. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.34668 |
| 2nd High | 1.34364 |
| Next High | 1.33429 |
| Current Price | 1.32944 |
| Next Low | |
| 2nd Low | |
| 3rd Low |
1.33429 – 1.34364 – 1.34668 – 1.32976 – 1.32984 – 1.32456 —
1.33238 – 1.33308 —
46.378968039386 – 53.809725659884 —
– —
1.33429 – 1774240200
Trading Signals: FOREX – GBP – GBP/USD – USD – – – – – – – – – –