GBP/USD – 1H – SELLThe currency pair British Pound/US Dollar (GBP/USD) jumps from the descending trendline downwards
A continuation of the downward movement down to the next support line at 1.26860 is expected.
Caution: A possible change in the direction of resistance at 1.27686 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30476 |
| 2nd High | 1.30091 |
| Next High | 1.27686 |
| Current Price | 1.27030 |
| Next Low | 1.26860 |
| 2nd Low | |
| 3rd Low |