GBP/USD – 30M – SELLThe currency pair moves from the descending trendline down.
A continuation of the downtrend down to the next support line at 1.28983 is certain.
Caution: A possible trend reversal in the direction of resistance at 1.29764 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30476 |
| 2nd High | 1.30091 |
| Next High | 1.29764 |
| Current Price | 1.28926 |
| Next Low | 1.28983 |
| 2nd Low | 1.28689 |
| 3rd Low | 1.28338 |