GBP/USD – 30M – SELLThe pair jumps from the descending trendline downwards
A continuation of the downtrend downwards to the next support level at 1.33741 is expected.
Caution: A possible change in the direction of resistance at 1.34271 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.34336 |
| Next High | 1.34271 |
| Current Price | 1.33954 |
| Next Low | 1.33741 |
| 2nd Low | 1.33656 |
| 3rd Low | 1.33598 |