GBP/USD – 1H – SELLThe currency pair jumps from the bullish trendline downwards
A bearish descent downwards to the next support line at 1.30551 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 1.31133 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.31744 |
| 2nd High | 1.31340 |
| Next High | 1.31133 |
| Current Price | 1.30633 |
| Next Low | 1.30551 |
| 2nd Low | 1.30019 |
| 3rd Low | 1.29743 |