GBP/USD – 1H – SELLThe combination jumps from the descending trendline down.
A continuation of the bearish trend downwards to the next support level at 1.30551 is certain.
Caution: A possible counter-trend in the direction of the resistance level at 1.31133 could happen.
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 | 1.31133 |
| Current Price | 1.30664 |
| Next Low | 1.30551 |
| 2nd Low | 1.30019 |
| 3rd Low | 1.29743 |