GBP/USD – 30M – SELLThe currency pair British Pound/US Dollar (GBP/USD) goes from the descending trendline down.
A continuation of the downward movement downwards to the next support at 1.26354 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.26984 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Current target is 1.26493216 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of support at 1.26984 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.27988 |
| 2nd High | 1.27873 |
| Next High | 1.26984 |
| Current Price | 1.26898 |
| Next Low | 1.26354 |
| 2nd Low | 1.26067 |
| 3rd Low | 1.25663 |