GBP/USD – 1H – SELLThe currency pair goes from the descending trendline downwards
A continuation of the downtrend downwards to the next support at 1.28338 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 1.30476 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30771 |
| 2nd High | 1.30708 |
| Next High | 1.30476 |
| Current Price | 1.29826 |
| Next Low | 1.28338 |
| 2nd Low | |
| 3rd Low |