GBP/USD – 1H – SELLThe currency pair British Pound/US Dollar (GBP/USD) jumps from the bearish trendline downwards
A continuation of the bearish trend downwards to the next support line at will continue.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.26595 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will continue. Current target is 1.25762 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.26595 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.27202 |
| 2nd High | 1.27142 |
| Next High | 1.26595 |
| Current Price | 1.25117 |
| Next Low | |
| 2nd Low | |
| 3rd Low |