GBP/USD – 1H – SELLThe pair jumps from the descending trendline downwards
A continuation of the bearish trend down to the next support at 1.29766 is expected.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.30771 could occur.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.31133 |
| 2nd High | 1.31028 |
| Next High | 1.30771 |
| Current Price | 1.29966 |
| Next Low | 1.29766 |
| 2nd Low | 1.29743 |
| 3rd Low | 1.29398 |