GBP/USD – 1H – SELLThe currency pair goes from the bearish trendline down.
A continuation of the bearish trend downwards to the next support level at 1.29393 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 1.29981 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30708 |
| 2nd High | 1.30151 |
| Next High | 1.29981 |
| Current Price | 1.29747 |
| Next Low | 1.29393 |
| 2nd Low | 1.29072 |
| 3rd Low |