GBP/USD – 1H – SELL

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

A continuation of the downtrend downwards to the next support at 1.34627 will persist.

Caution: A possible change in the direction of the resistance level at 1.35275 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.

In addition a ‘Support Level’ indicator signal is detected. The indicator is ‘Support Level’. which could be a negative signal. The currency pair is likely to fall.

In addition a ‘Two Crows’ candle chart pattern is existing. The chart shows ‘Two Crows’. which 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 ‘Two Crows’ heading down is 54% (Bull Market) & 58% (Bear Market).

1.35275 – 1.35757 – 1.35179 – 1.34627 – 1.34472 – 1.34787 —
1.34987 – 1.34889 —
39.233210283743 – 46.898151839481 —
– —
1.35275 – 1777431600

Trading Signals: FOREX – GBP – GBP/USD – USD – Two Crows – – – – – – – – –