GBP/USD – 30M – SELLThe combination moves from the bearish trendline down.
A continuation of the bearish trend downwards to the next support line at 1.30551 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 1.31051 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.31340 |
| 2nd High | 1.31133 |
| Next High | 1.31051 |
| Current Price | 1.30641 |
| Next Low | 1.30551 |
| 2nd Low | 1.30321 |
| 3rd Low | 1.30316 |