GBP/USD – 1H – SELLThe currency pair moves from the bearish trendline downwards
A continuation of the bearish trend down to the next support level at 1.30416 is considered certain.
Caution: A possible change in the direction of the resistance line at 1.30934 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.31340 |
| 2nd High | 1.31133 |
| Next High | 1.30934 |
| Current Price | 1.30718 |
| Next Low | 1.30416 |
| 2nd Low | 1.30219 |
| 3rd Low | 1.30019 |