GBP/USD – 30M – SELLThe combination goes from the bearish trendline downwards
A continuation of the downtrend downwards to the next support level at 1.29668 is considered certain.
Caution: A possible change in the direction of the resistance zone at 1.30013 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.29703 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the support line at 1.30013 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30572 |
| 2nd High | 1.30151 |
| Next High | 1.30013 |
| Current Price | 1.29823 |
| Next Low | 1.29668 |
| 2nd Low | 1.29577 |
| 3rd Low | 1.29393 |