GBP/USD – 30M – SELLThe combination jumps from the bearish trendline down.
A continuation of the downward movement downwards to the next support level at 1.28841 is certain.
Caution: A possible change in the direction of the resistance line at 1.29799 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30151 |
| 2nd High | 1.30147 |
| Next High | 1.29799 |
| Current Price | 1.29634 |
| Next Low | 1.28841 |
| 2nd Low | 1.28436 |
| 3rd Low |