GBP/USD – 30M – SELLThe pair goes from the ascending trendline downwards
A bearish trend down to the next support line at 1.31176 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 1.32298 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 1.313095 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 1.32298 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.32656 |
| 2nd High | 1.32380 |
| Next High | 1.32298 |
| Current Price | 1.31634 |
| Next Low | 1.31176 |
| 2nd Low | 1.31144 |
| 3rd Low | 1.30321 |