GBP/USD – 1H – SELLThe combination jumps from the bullish trendline down.
A descent downwards to the next support line at 1.31531 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 1.32977 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.32977 |
| Current Price | 1.32334 |
| Next Low | 1.31531 |
| 2nd Low | 1.31460 |
| 3rd Low | 1.31144 |