GBP/USD – 30M – SELLThe combination goes from the ascending trendline down.
A descending movement down to the next support at 1.32600 is considered certain.
Caution: A possible change in the direction of the resistance line at 1.33055 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.32369 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 1.33055 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.34227 |
| 2nd High | 1.33893 |
| Next High | 1.33055 |
| Current Price | 1.32636 |
| Next Low | 1.32600 |
| 2nd Low | 1.32369 |
| 3rd Low | 1.32198 |