GBP/USD – 1H – SELLThe currency pair British Pound/US Dollar (GBP/USD) jumps from the descending trendline down.
A continuation of the downward movement down to the next support line at 1.25184 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 1.25743 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.26666 |
| 2nd High | 1.26136 |
| Next High | 1.25743 |
| Current Price | 1.25297 |
| Next Low | 1.25184 |
| 2nd Low | 1.25093 |
| 3rd Low | 1.24744 |