GBP/USD – 1H – SELLThe combination jumps from the bearish trendline down.
A continuation of the downtrend down to the next support at 1.30219 is expected.
Caution: A possible change in the direction of the resistance level at 1.30934 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.31340 |
| 2nd High | 1.31133 |
| Next High | 1.30934 |
| Current Price | 1.30604 |
| Next Low | 1.30219 |
| 2nd Low | 1.30019 |
| 3rd Low | 1.29743 |