GBP/USD – 30M – SELLThe combination jumps from the bearish trendline down.
A continuation of the downward movement downwards to the next support level at 1.30588 is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.31034 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.31744 |
| 2nd High | 1.31340 |
| Next High | 1.31034 |
| Current Price | 1.30943 |
| Next Low | 1.30588 |
| 2nd Low | 1.30321 |
| 3rd Low | 1.30316 |