GBP/USD – 1H – SELLThe combination moves from the descending trendline down.
A continuation of the downward movement downwards to the next support at 1.32453 is considered certain.
Caution: A possible trend reversal in the direction of the resistance zone at 1.33055 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.34271 |
| 2nd High | 1.34227 |
| Next High | 1.33055 |
| Current Price | 1.31541 |
| Next Low | 1.32453 |
| 2nd Low | 1.32369 |
| 3rd Low | 1.31531 |