GBP/USD – 30M – SELLThe currency pair goes from the bearish trendline down.
A continuation of the downtrend down to the next support line at 1.32369 will continue.
Caution: A possible change in the direction of the resistance level at 1.33893 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 1.32369 at the Fibonacci level 0-Level. Caution: A possible change in the direction of support at 1.33893 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.34271 |
| 2nd High | 1.34227 |
| Next High | 1.33893 |
| Current Price | 1.32673 |
| Next Low | 1.32369 |
| 2nd Low | 1.32198 |
| 3rd Low | 1.31531 |