GBP/USD – 30M – SELLThe currency pair British Pound/US Dollar (GBP/USD) jumps from the bearish trendline downwards
A continuation of the downtrend downwards to the next support level at 1.26470 is expected.
Caution: A possible counter-trend in the direction of the resistance level at 1.27202 could occur.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.26296 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support zone at 1.27202 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.28732 |
| 2nd High | 1.27686 |
| Next High | 1.27202 |
| Current Price | 1.26661 |
| Next Low | 1.26470 |
| 2nd Low | 1.26296 |
| 3rd Low |