GBP/USD – 1H – SELLThe pair British Pound/US Dollar (GBP/USD) moves from the bearish trendline downwards
A continuation of the downtrend down to the next support level at 1.24870 will continue.
Caution: A possible trend reversal in the direction of the resistance level at 1.26068 could happen.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Current target is 1.25406192 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the support zone at 1.26068 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.27142 |
| 2nd High | 1.26595 |
| Next High | 1.26068 |
| Current Price | 1.25511 |
| Next Low | 1.24870 |
| 2nd Low | |
| 3rd Low |