GBP/USD – 1H – SELLThe currency pair moves from the bearish trendline downwards
A continuation of the downtrend down to the next support at 1.29735 is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.30231 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.31028 |
| 2nd High | 1.30771 |
| Next High | 1.30231 |
| Current Price | 1.30363 |
| Next Low | 1.29735 |
| 2nd Low | 1.29398 |
| 3rd Low |