GBP/USD – 1H – SELLThe pair British Pound/US Dollar (GBP/USD) moves from the bearish trendline downwards
A continuation of the downtrend down to the next support line at is certain.
Caution: A possible reversal of the trend in the direction of resistance at 1.27686 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is certain. Current target is 1.2686 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.27686 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30476 |
| 2nd High | 1.30091 |
| Next High | 1.27686 |
| Current Price | 1.26564 |
| Next Low | |
| 2nd Low | |
| 3rd Low |