GBP/USD – 1H – SELLThe currency pair goes from the ascending trendline downwards
The bearish trend down to the next support at 1.31144 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 1.32181 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke the Fibonacci 0-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.31670768 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of support at 1.32181 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.32656 |
| 2nd High | 1.32380 |
| Next High | 1.32181 |
| Current Price | 1.31880 |
| Next Low | 1.31144 |
| 2nd Low | 1.30019 |
| 3rd Low | 1.29743 |