GBP/USD – 1H – SELLMoreover a ‘Rising Wedge Chart Pattern’ chart pattern is detected. The chart forms ‘Rising Wedge Chart Pattern’. which is a bearish chart scenario. The currency pair is likely to fall.
The combination British Pound/US Dollar (GBP/USD) goes from the bullish trendline downwards
A bearish movement down to the next support at 1.33801 is certain.
Caution: A possible change in the direction of the resistance zone at 1.34514 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Moreover a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which could be a negative chart scenario. The pair is likely to go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.34619 |
| 2nd High | 1.34607 |
| Next High | 1.34514 |
| Current Price | 1.34209 |
| Next Low | 1.33801 |
| 2nd Low | 1.33219 |
| 3rd Low | 1.32186 |
1.34514 – 1.34306 – 1.34098 – 1.33801 – 1.33219 – 1.33282 —
1.34495 – 1.34364 —
64.329174525228 – 58.7046570243 —
– —
1.34514 – 1783659600
Trading Signals: FOREX – GBP – GBP/USD – USD – – Rising Wedge Chart Pattern – – – – – – – –