GBP/USD – 30M – SELLThe currency pair jumps from the descending trendline down.
A continuation of the downward movement downwards to the next support level at 1.30588 is likely expected.
Caution: A possible change in the direction of the resistance line at 1.31034 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.31744 |
| 2nd High | 1.31340 |
| Next High | 1.31034 |
| Current Price | 1.30890 |
| Next Low | 1.30588 |
| 2nd Low | 1.30321 |
| 3rd Low | 1.30316 |