GBP/USD – 30M – SELLThe combination moves from the descending trendline down.
A continuation of the bearish trend down to the next support line at 1.29735 is likely expected.
Caution: A possible reversal of the trend in the direction of resistance at 1.30010 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30771 |
| 2nd High | 1.30374 |
| Next High | 1.30010 |
| Current Price | 1.30057 |
| Next Low | 1.29735 |
| 2nd Low | 1.29398 |
| 3rd Low |