GBP/USD – 1H – SELLThe currency pair goes from the bearish trendline down.
A continuation of the downtrend downwards to the next support line at 1.30551 is expected.
Caution: A possible reversal of the trend in the direction of resistance at 1.31133 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.31744 |
| 2nd High | 1.31340 |
| Next High | 1.31133 |
| Current Price | 1.30642 |
| Next Low | 1.30551 |
| 2nd Low | 1.30019 |
| 3rd Low | 1.29743 |