GBP/USD – 30M – SELL

The combination British Pound/US Dollar (GBP/USD) moves from the bullish trendline downwards

A bearish trend down to the next support level at 1.34165 will continue.

Caution: A possible reversal of the trend in the direction of the resistance line at 1.34607 is within the realm of possibility.
Consider stop-loss settings accordingly.

There is also a ‘Resistance Level’ indicator layout is detected. The indicator shows ‘Resistance Level’. which is often a bearish signal. The currency pair is likely to fall.

Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 1.339245 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.34607 is within the realm of possibility.
Consider stop-loss settings accordingly.

1.34607 – 1.34254 – 1.34326 – 1.34165 – 1.33976 – 1.33831 —
1.34309 – 1.34329 —
48.831005762046 – 50.57410475599 —
– —
1.34607 – 1781492400

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