GBP/USD – 1H – SELLThe currency pair British Pound/US Dollar (GBP/USD) moves from the descending trendline downwards
A continuation of the downward movement down to the next support line at 1.26067 will continue.
Caution: A possible change in the direction of the resistance line at 1.26984 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 1.26493216 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support zone at 1.26984 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.27988 |
| 2nd High | 1.27873 |
| Next High | 1.26984 |
| Current Price | 1.26885 |
| Next Low | 1.26067 |
| 2nd Low | 1.25246 |
| 3rd Low | 1.25067 |