GBP/USD – 30M – SELLThe currency pair jumps from the bearish trendline downwards
A continuation of the downtrend down to the next support at 1.29393 is considered certain.
Caution: A possible change in the direction of the resistance line at 1.29981 is within the realm of possibility.
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 | 1.29747 |
| Next Low | 1.29393 |
| 2nd Low | 1.29072 |
| 3rd Low |