GBP/USD – 30M – SELLThe pair jumps from the descending trendline downwards
A continuation of the downtrend downwards to the next support at 1.30760 is certain.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.31133 is within the realm of possibility.
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 | 1.31133 |
| Current Price | 1.30927 |
| Next Low | 1.30760 |
| 2nd Low | 1.30639 |
| 3rd Low | 1.30588 |