GBP/USD – 1H – SELLThe currency pair jumps from the bearish trendline down.
A continuation of the bearish trend downwards to the next support at 1.29343 is likely expected.
Caution: A possible change in the direction of the resistance level at 1.29985 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30151 |
| 2nd High | 1.30147 |
| Next High | 1.29985 |
| Current Price | 1.29066 |
| Next Low | 1.29343 |
| 2nd Low | 1.28436 |
| 3rd Low |