GBP/USD – 30M – SELLThe pair moves from the bullish trendline down.
A descent down to the next support line at 1.29735 is likely expected.
Caution: A possible change in the direction of the resistance zone at 1.30771 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.31051 |
| 2nd High | 1.31028 |
| Next High | 1.30771 |
| Current Price | 1.30564 |
| Next Low | 1.29735 |
| 2nd Low | 1.29398 |
| 3rd Low |