GBP/USD – 30M – SELLThe pair jumps from the ascending trendline downwards
A descent downwards to the next support line at 1.33314 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 1.34297 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.34297 |
| Current Price | 1.33738 |
| Next Low | 1.33314 |
| 2nd Low | 1.32484 |
| 3rd Low | 1.32198 |