GBP/USD – 1H – SELLThe pair jumps from the ascending trendline down.
A descent down to the next support at 1.33120 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 1.34297 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.34297 |
| Current Price | 1.34144 |
| Next Low | 1.33120 |
| 2nd Low | 1.32484 |
| 3rd Low | 1.31531 |