GBP/USD – 1H – SELLThe pair goes from the descending trendline downwards
A continuation of the bearish trend downwards to the next support level at 1.30199 is certain.
Caution: A possible counter-trend in the direction of resistance at 1.30708 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.31028 |
| 2nd High | 1.30771 |
| Next High | 1.30708 |
| Current Price | 1.30013 |
| Next Low | 1.30199 |
| 2nd Low | 1.29735 |
| 3rd Low | 1.29398 |