GBP/USD – 30M – SELLThe pair jumps from the bearish trendline down.
A continuation of the bearish trend down to the next support line at 1.30415 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 1.30715 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.3042408 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 1.30715 could occur.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30934 |
| 2nd High | 1.30829 |
| Next High | 1.30715 |
| Current Price | 1.30474 |
| Next Low | 1.30415 |
| 2nd Low | 1.30299 |
| 3rd Low | 1.30219 |