GBP/USD – 1H – SELLThe pair goes from the descending trendline down.
A continuation of the downward movement downwards to the next support at 1.30416 is considered certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.30934 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.31340 |
| 2nd High | 1.31133 |
| Next High | 1.30934 |
| Current Price | 1.30694 |
| Next Low | 1.30416 |
| 2nd Low | 1.30219 |
| 3rd Low | 1.30019 |