GBP/USD – 1H – SELLThe currency pair jumps from the bearish trendline downwards
A continuation of the downward movement down to the next support level at 1.29343 is certain.
Caution: A possible counter-trend in the direction of resistance at 1.29985 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30151 |
| 2nd High | 1.30147 |
| Next High | 1.29985 |
| Current Price | 1.29827 |
| Next Low | 1.29343 |
| 2nd Low | 1.28436 |
| 3rd Low |