GBP/USD – 1H – SELLThe combination British Pound/US Dollar (GBP/USD) goes from the bearish trendline downwards
A continuation of the downward movement downwards to the next support line at 1.26132 will persist.
Caution: A possible reversal of the trend in the direction of resistance at 1.26891 could occur.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend will persist. Current target is 1.265885 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of support at 1.26891 could occur.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.27202 |
| 2nd High | 1.26966 |
| Next High | 1.26891 |
| Current Price | 1.26691 |
| Next Low | 1.26132 |
| 2nd Low | 1.25975 |
| 3rd Low |