GBP/USD – 30M – SELLThe pair jumps from the bearish trendline down.
A continuation of the downward movement downwards to the next support line at 1.30491 is likely expected.
Caution: A possible counter-trend in the direction of resistance at 1.30862 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.31426 |
| 2nd High | 1.31073 |
| Next High | 1.30862 |
| Current Price | 1.30750 |
| Next Low | 1.30491 |
| 2nd Low | 1.30111 |
| 3rd Low | 1.29743 |