GBP/USD – 1H – SELLThe currency pair jumps from the bearish trendline down.
A continuation of the bearish trend downwards to the next support level at 1.29072 is certain.
Caution: A possible change in the direction of the resistance level at 1.29877 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30151 |
| 2nd High | 1.29945 |
| Next High | 1.29877 |
| Current Price | 1.29627 |
| Next Low | 1.29072 |
| 2nd Low | |
| 3rd Low |