GBP/USD – 1H – SELLThe combination jumps from the descending trendline down.
A continuation of the downward movement down to the next support at 1.29343 is certain.
Caution: A possible trend reversal in the direction of the resistance zone at 1.29985 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30151 |
| 2nd High | 1.30147 |
| Next High | 1.29985 |
| Current Price | 1.29536 |
| Next Low | 1.29343 |
| 2nd Low | 1.28436 |
| 3rd Low |