GBP/USD – 1H – SELLThe combination moves from the bearish trendline downwards
A continuation of the bearish trend down to the next support at 1.29442 will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.29945 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30708 |
| 2nd High | 1.30151 |
| Next High | 1.29945 |
| Current Price | 1.29474 |
| Next Low | 1.29442 |
| 2nd Low | 1.29398 |
| 3rd Low |