GBP/USD – 1H – SELLThe pair jumps from the ascending trendline down.
A bearish descent downwards to the next support at 1.33120 is considered certain.
Caution: A possible counter-trend in the direction of resistance at 1.34227 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.33380224 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the support zone at 1.34227 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.34336 |
| 2nd High | 1.34271 |
| Next High | 1.34227 |
| Current Price | 1.33381 |
| Next Low | 1.33120 |
| 2nd Low | 1.32484 |
| 3rd Low | 1.31531 |