GBP/USD – 2H – SELL

The 2H GBP/USD signal is strongly bearish, with a dense cluster of momentum and trend indicators firing to the downside: BOP Zero Cross Down, CCI OB Exit, MOM Zero Cross Down, ROC Zero Cross Down, ROCR Cross Down, and STOCH KD Cross Down, among others. The Ascending Triangle pattern, typically a bullish continuation, has broken to the downside, acting as a bearish reversal signal. This is reinforced by the DX Trend Weak, indicating a lack of strong trend, which can allow for mean reversion.

Across timeframes, the picture is mixed but leans bearish on the lower timeframes: 15m, 30m, and 12h are all bearish with trend forming (2/5 strength), while 1h is bearish but choppy. However, the 2h, 4h, and 1d timeframes are still bullish, albeit choppy/sideways, suggesting the bearish move may be a correction within a larger uptrend. Key levels to watch are resistance at 1.35488 and support at 1.35211; a break below support would confirm the bearish continuation, while a reclaim of resistance would invalidate the signal.