GBP/USD – 30M – SELLThe combination British Pound/US Dollar (GBP/USD) goes from the descending trendline downwards
A continuation of the bearish trend downwards to the next support line at 1.26988 is considered certain.
Caution: A possible change in the direction of the resistance zone at 1.27253 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.27873 |
| 2nd High | 1.27283 |
| Next High | 1.27253 |
| Current Price | 1.27059 |
| Next Low | 1.26988 |
| 2nd Low | 1.26660 |
| 3rd Low | 1.26354 |