GBP/USD – 1H – SELLThe currency pair jumps from the descending trendline down.
A continuation of the downward movement down to the next support line at 1.29072 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 1.29945 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30708 |
| 2nd High | 1.30151 |
| Next High | 1.29945 |
| Current Price | 1.29602 |
| Next Low | 1.29072 |
| 2nd Low | |
| 3rd Low |