GBP/USD – 1H – SELL

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

A continuation of the downward movement down to the next support at 1.318 is expected.

Caution: A possible counter-trend in the direction of the resistance level at 1.32188 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.

There is also a ‘Exponential Moving Average 100 (EMA 100)’ indicator layout is existing. The indicator is ‘Exponential Moving Average 100 (EMA 100)’. which is often a bearish chart scenario. The currency pair is likely to fall.

There is also a ‘Resistance Level’ indicator layout is found. The indicator is ‘Resistance Level’. this is usually a bearish chart scenario. The pair is likely to go down.

There is also a ‘Matching Low’ candlestick chart pattern is detected. The candles form ‘Matching Low’. which is a bullish signal. The pair is likely to go up. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the success rate of a ‘Matching Low’ heading up is 61% (Bull & Bear Market).

1.32188 – 1.32087 – 1.32728 – 1.318 – 1.31506 – 1.31398 —
1.32280 – 1.32209 —
63.245540237697 – 51.399758330286 —
– —
1.32188 – 1782414000

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