GBP/USD – 30M – SELLThe combination goes from the descending trendline down.
A continuation of the downtrend down to the next support level at 1.30588 will continue.
Caution: A possible trend reversal in the direction of the resistance line at 1.30966 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.31744 |
| 2nd High | 1.31340 |
| Next High | 1.30966 |
| Current Price | 1.30918 |
| Next Low | 1.30588 |
| 2nd Low | 1.30321 |
| 3rd Low | 1.30316 |