The combination British Pound/US Dollar (GBP/USD) jumps from the bearish trendline downwards
A continuation of the downward movement downwards to the next support line at 1.318 will continue.
Caution: A possible counter-trend in the direction of resistance at 1.32188 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Also there is a ‘StochRSI %K line crosses below %D line’ indicator signal is detected. The indicator shows ‘StochRSI %K line crosses below %D line’. this is usually a bearish chart scenario. The currency pair could go down.
Also there is a ‘Resistance Level’ indicator signal is discovered. The indicator is ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.32536 |
| 2nd High | 1.32494 |
| Next High | 1.32188 |
| Current Price | 1.32055 |
| Next Low | 1.318 |
| 2nd Low | 1.31506 |
| 3rd Low | 1.31487 |
1.32188 – 1.31787 – 1.32087 – 1.318 – 1.31506 – 1.31487 —
1.32213 – 1.32223 —
58.771559887554 – 56.894565962865 —
– —
1.32188 – 1782414000
Trading Signals: FOREX – GBP – GBP/USD – USD – – – – – – – – – –