Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 1.3323 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support zone at 1.33809 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Also there is a ‘Bearish Harami’ candlestick pattern is discovered. The candles show ‘Bearish Harami’. which is a bearish signal. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the probability of ‘Bearish Harami’ going down is 53% (Bull Market) & 50% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.34336 |
| 2nd High | 1.33844 |
| Next High | 1.33809 |
| Current Price | 1.33558 |
| Next Low | 1.33454 |
| 2nd Low | 1.33344 |
| 3rd Low | 1.32943 |
1.33809 – 1.33844 – 1.32915 – 1.33454 – 1.33344 – 1.32943 —
1.33551 – 1.33564 —
47.916084391529 – 49.81685274895 —
– —
1.33809 – 1783071000
Trading Signals: FOREX – GBP – GBP/USD – USD – Bearish Harami – – – – – – – – –