GBP/USD – 30M – SELLThe combination moves from the descending trendline down.
A continuation of the downtrend downwards to the next support at 1.30403 will persist.
Caution: A possible change in the direction of the resistance level at 1.30829 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.31051 |
| 2nd High | 1.30934 |
| Next High | 1.30829 |
| Current Price | 1.30538 |
| Next Low | 1.30403 |
| 2nd Low | 1.30219 |
| 3rd Low | 1.30019 |