GBP/USD – 30M – SELLThe pair moves from the ascending trendline downwards
A bearish trend down to the next support at 1.29577 is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 1.30013 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30572 |
| 2nd High | 1.30151 |
| Next High | 1.30013 |
| Current Price | 1.29809 |
| Next Low | 1.29577 |
| 2nd Low | 1.29393 |
| 3rd Low | 1.29072 |