GBP/USD – 1H – SELLThe combination British Pound/US Dollar (GBP/USD) goes from the bearish trendline downwards
A continuation of the downtrend down to the next support level at 1.27165 will persist.
Caution: A possible trend reversal in the direction of resistance at 1.27813 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.28109 |
| 2nd High | 1.27988 |
| Next High | 1.27813 |
| Current Price | 1.27433 |
| Next Low | 1.27165 |
| 2nd Low | 1.26296 |
| 3rd Low | 1.26171 |