The currency pair British Pound/US Dollar (GBP/USD) moves from the bullish trendline downwards
A bearish trend down to the next support line at 1.3211 will persist.
Caution: A possible counter-trend in the direction of resistance at 1.32681 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Resistance Level’ indicator layout is detected. The indicator is ‘Resistance Level’. which could be a negative chart signal. The currency pair could go down.
Also there is a ‘Three Black Crows’ candlestick pattern is found. The chart forms ‘Three Black Crows’. this is a bearish signal. The currency pair is likely to fall. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Three Black Crows’ going down is 82%.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.33459 |
| 2nd High | 1.33198 |
| Next High | 1.32681 |
| Current Price | 1.32520 |
| Next Low | 1.3211 |
| 2nd Low | 1.31779 |
| 3rd Low | 1.31586 |
1.32681 – 1.32589 – 1.32424 – 1.3211 – 1.32176 – 1.31779 —
1.32308 – 1.32838 —
51.011917966517 – 68.09422633844 —
– —
1.32681 – 1775496600
Trading Signals: FOREX – GBP – GBP/USD – USD – Three Black Crows – – – – – – – – –