GBP/USD – 30M – SELLThe combination moves from the descending trendline downwards
A continuation of the downward movement downwards to the next support line at 1.30415 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 1.30715 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30934 |
| 2nd High | 1.30829 |
| Next High | 1.30715 |
| Current Price | 1.30614 |
| Next Low | 1.30415 |
| 2nd Low | 1.30299 |
| 3rd Low | 1.30219 |