GBP/USD – 30M – SELLThe pair moves from the bearish trendline down.
A continuation of the downtrend downwards to the next support at 1.29343 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 1.29928 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30147 |
| 2nd High | 1.29985 |
| Next High | 1.29928 |
| Current Price | 1.29827 |
| Next Low | 1.29343 |
| 2nd Low | 1.29157 |
| 3rd Low | 1.28841 |