GBP/USD – 30M – SELLThe currency pair moves from the descending trendline downwards
A continuation of the downtrend downwards to the next support level at 1.29556 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.29981 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30572 |
| 2nd High | 1.30151 |
| Next High | 1.29981 |
| Current Price | 1.29598 |
| Next Low | 1.29556 |
| 2nd Low | 1.29479 |
| 3rd Low | 1.29072 |