GBP/USD – 1H – SELLThe currency pair moves from the ascending trendline down.
A bearish trend downwards to the next support level at 1.32484 is expected.
Caution: A possible trend reversal in the direction of resistance at 1.33589 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.33589 |
| Current Price | 1.33510 |
| Next Low | 1.32484 |
| 2nd Low | 1.31531 |
| 3rd Low | 1.31460 |