GBP/USD – 30M – SELLThe combination moves from the ascending trendline down.
A bearish movement down to the next support line at 1.31558 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.32977 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.32977 |
| Current Price | 1.31624 |
| Next Low | 1.31558 |
| 2nd Low | 1.31460 |
| 3rd Low | 1.31176 |