GBP/USD – 1H – SELLThe currency pair goes from the descending trendline down.
A continuation of the downtrend downwards to the next support line at 1.30639 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.31133 is also possible.
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 | 1.30902 |
| Next Low | 1.30639 |
| 2nd Low | 1.30588 |
| 3rd Low | 1.30019 |