GBP/USD – 1H – SELL

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

A continuation of the bearish trend downwards to the next support at 1.3212 will persist.

Caution: A possible trend reversal in the direction of the resistance line at 1.32764 could occur.
In the case of a trade, always set appropriate stop-loss settings.

There is also a ‘Bearish Belt Hold’ candle chart pattern is detected. The chart shows ‘Bearish Belt Hold’. this is a bearish pattern signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Bearish Belt Hold’ going down is 68% (Bull Market) & 69% (Bear Market).

1.32764 – 1.32619 – 1.32315 – 1.3212 – 1.31877 – 1.318 —
1.32405 – 1.32564 —
45.80676441199 – 52.297454901808 —
– —
1.32764 – 1782842400

Trading Signals: FOREX – GBP – GBP/USD – USD – Bearish Belt Hold – – – – – – – – –