GBP/USD – 30M – SELLThe combination goes from the descending trendline downwards
A continuation of the downward movement downwards to the next support level at 1.29610 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 1.30151 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30665 |
| 2nd High | 1.30572 |
| Next High | 1.30151 |
| Current Price | 1.29848 |
| Next Low | 1.29610 |
| 2nd Low | 1.29442 |
| 3rd Low | 1.29398 |