GBP/USD – 30M – SELLThe currency pair British Pound/US Dollar (GBP/USD) moves from the bullish trendline down.
A descending movement down to the next support at 1.25045 is certain.
Caution: A possible change in the direction of the resistance level at 1.25877 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.2570906 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 1.25877 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.26136 |
| 2nd High | 1.25925 |
| Next High | 1.25877 |
| Current Price | 1.25556 |
| Next Low | 1.25045 |
| 2nd Low | 1.25010 |
| 3rd Low | 1.24744 |