GBP/USD – 30M – SELLThe currency pair jumps from the ascending trendline down.
A bearish trend downwards to the next support level at 1.31558 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.32298 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.32656 |
| 2nd High | 1.32380 |
| Next High | 1.32298 |
| Current Price | 1.32200 |
| Next Low | 1.31558 |
| 2nd Low | 1.31460 |
| 3rd Low | 1.31176 |