GBP/USD – 30M – SELLThe currency pair goes from the descending trendline downwards
A continuation of the bearish trend downwards to the next support level at 1.33656 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.34271 is also possible.
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 is considered certain. Target of the current trend is 1.33728 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.34271 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.34336 |
| Next High | 1.34271 |
| Current Price | 1.33926 |
| Next Low | 1.33656 |
| 2nd Low | 1.33598 |
| 3rd Low | 1.33339 |