GBP/USD – 30M – SELLThe currency pair goes from the descending trendline down.
A continuation of the bearish trend down to the next support at 1.30551 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 1.31051 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.31340 |
| 2nd High | 1.31133 |
| Next High | 1.31051 |
| Current Price | 1.30733 |
| Next Low | 1.30551 |
| 2nd Low | 1.30321 |
| 3rd Low | 1.30316 |