GBP/USD – 30M – SELL

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

A continuation of the downtrend downwards to the next support level at 1.34812 will continue.

Caution: A possible counter-trend in the direction of resistance at 1.351 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.

There is also a ‘Exponential Moving Average 200 (EMA 200)’ indicator signal is discovered. The indicator shows ‘Exponential Moving Average 200 (EMA 200)’. which could be a negative chart scenario. The pair is likely to go down.

There is also a ‘Resistance Level’ indicator layout is discovered. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair could go down.

There is also a ‘Bearish Engulfing’ candle chart pattern is discovered. The chart forms ‘Bearish Engulfing’. which is a negative chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Bearish Engulfing’ going down is 79%.

1.351 – 1.35352 – 1.35394 – 1.34812 – 1.34787 – 1.34916 —
1.34903 – 1.34953 —
42.023466267252 – 48.997321085389 —
1.34812 – 1776940200 —
1.351 – 1776916800

Trading Signals: FOREX – GBP – GBP/USD – USD – Bearish Engulfing – – – – – – – – –