GBP/USD – 30M – SELLThe currency pair jumps from the descending trendline downwards
A continuation of the bearish trend down to the next support at 1.30416 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 1.30829 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.3038774 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.30829 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.31051 |
| 2nd High | 1.30934 |
| Next High | 1.30829 |
| Current Price | 1.30529 |
| Next Low | 1.30416 |
| 2nd Low | 1.30219 |
| 3rd Low | 1.30019 |