GBP/USD – 1H – SELLThe currency pair moves from the descending trendline downwards
A continuation of the downward movement down to the next support line at 1.29556 will continue.
Caution: A possible change in the direction of resistance at 1.29877 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30151 |
| 2nd High | 1.29945 |
| Next High | 1.29877 |
| Current Price | 1.29681 |
| Next Low | 1.29556 |
| 2nd Low | 1.29072 |
| 3rd Low |