GBP/USD – 30M – SELLThe combination jumps from the descending trendline downwards
A continuation of the downward movement down to the next support level at 1.33502 is expected.
Caution: A possible change in the direction of the resistance zone at 1.33893 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.34271 |
| 2nd High | 1.34227 |
| Next High | 1.33893 |
| Current Price | 1.33440 |
| Next Low | 1.33502 |
| 2nd Low | 1.33339 |
| 3rd Low | 1.33120 |