GBP/USD – 30M – SELLThe pair jumps from the descending trendline down.
A continuation of the downtrend down to the next support line at 1.30760 is likely expected.
Caution: A possible trend reversal in the direction of the resistance level at 1.31051 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.31340 |
| 2nd High | 1.31133 |
| Next High | 1.31051 |
| Current Price | 1.30822 |
| Next Low | 1.30760 |
| 2nd Low | 1.30639 |
| 3rd Low | 1.30588 |