GBP/USD – 1H – SELLThe pair goes from the bearish trendline down.
A continuation of the bearish trend down to the next support line at 1.33120 will persist.
Caution: A possible change in the direction of the resistance level at 1.34227 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.3312 at the Fibonacci level 1-Level. Caution: A possible change in the direction of support at 1.34227 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.34336 |
| 2nd High | 1.34271 |
| Next High | 1.34227 |
| Current Price | 1.33254 |
| Next Low | 1.33120 |
| 2nd Low | 1.32484 |
| 3rd Low | 1.31531 |