GBP/USD – 1H – SELLThe combination jumps from the bearish trendline down.
A continuation of the bearish trend downwards to the next support line at 1.32369 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 1.33055 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.34271 |
| 2nd High | 1.34227 |
| Next High | 1.33055 |
| Current Price | 1.32622 |
| Next Low | 1.32369 |
| 2nd Low | 1.31531 |
| 3rd Low | 1.31460 |