GBP/USD – 30M – SELLThe currency pair moves from the ascending trendline downwards
A descending movement downwards to the next support level at 1.30760 will persist.
Caution: A possible trend reversal in the direction of the resistance level at 1.31051 could happen.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.3070463 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support level at 1.31051 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.31340 |
| 2nd High | 1.31133 |
| Next High | 1.31051 |
| Current Price | 1.30832 |
| Next Low | 1.30760 |
| 2nd Low | 1.30639 |
| 3rd Low | 1.30588 |