GBP/USD – 1H – SELLThe combination British Pound/US Dollar (GBP/USD) moves from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support at 1.25975 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.26423 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.27202 |
| 2nd High | 1.26966 |
| Next High | 1.26423 |
| Current Price | 1.26179 |
| Next Low | 1.25975 |
| 2nd Low | |
| 3rd Low |