GBP/USD – 30M – SELLThe pair British Pound/US Dollar (GBP/USD) goes from the ascending trendline down.
A bearish descent down to the next support line at 1.26296 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 1.27211 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.27459 |
| 2nd High | 1.27222 |
| Next High | 1.27211 |
| Current Price | 1.27176 |
| Next Low | 1.26296 |
| 2nd Low | 1.26171 |
| 3rd Low | 1.25663 |