GBP/USD – 30M – SELLThe currency pair moves from the bearish trendline downwards
A continuation of the downtrend down to the next support line at 1.29735 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 1.30572 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 1.29735 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support level at 1.30572 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30708 |
| 2nd High | 1.30665 |
| Next High | 1.30572 |
| Current Price | 1.29796 |
| Next Low | 1.29735 |
| 2nd Low | 1.29398 |
| 3rd Low |