GBP/USD – 30M – SELLThe combination British Pound/US Dollar (GBP/USD) jumps from the ascending trendline downwards
A bearish movement down to the next support at will persist.
Caution: A possible trend reversal in the direction of the resistance level at 1.26966 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will persist. Current target is 1.26296 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support level at 1.26966 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.27686 |
| 2nd High | 1.27202 |
| Next High | 1.26966 |
| Current Price | 1.26113 |
| Next Low | |
| 2nd Low | |
| 3rd Low |