GBP/USD – 30M – SELLThe pair goes from the descending trendline down.
A continuation of the downward movement downwards to the next support level at 1.30416 will persist.
Caution: A possible counter-trend in the direction of resistance at 1.30814 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.31051 |
| 2nd High | 1.30934 |
| Next High | 1.30814 |
| Current Price | 1.30740 |
| Next Low | 1.30416 |
| 2nd Low | 1.30219 |
| 3rd Low | 1.30019 |