GBP/USD – 30M – SELLThe combination jumps from the descending trendline downwards
A continuation of the downward movement down to the next support at 1.30199 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 1.30572 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30708 |
| 2nd High | 1.30665 |
| Next High | 1.30572 |
| Current Price | 1.30193 |
| Next Low | 1.30199 |
| 2nd Low | 1.29735 |
| 3rd Low | 1.29398 |