GBP/USD – 30M – SELLThe currency pair jumps from the descending trendline down.
A continuation of the downward movement downwards to the next support line at 1.30199 will continue.
Caution: A possible change in the direction of the resistance line at 1.30572 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30708 |
| 2nd High | 1.30665 |
| Next High | 1.30572 |
| Current Price | 1.30215 |
| Next Low | 1.30199 |
| 2nd Low | 1.29735 |
| 3rd Low | 1.29398 |