GBP/USD – 1H – SELLThe combination goes from the descending trendline downwards
A continuation of the bearish trend down to the next support level at 1.29577 will continue.
Caution: A possible change in the direction of the resistance line at 1.30013 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30708 |
| 2nd High | 1.30151 |
| Next High | 1.30013 |
| Current Price | 1.28556 |
| Next Low | 1.29577 |
| 2nd Low | 1.29393 |
| 3rd Low | 1.29072 |