GBP/USD – 30M – SELLThe currency pair jumps from the bearish trendline down.
A continuation of the bearish trend down to the next support level at 1.30117 is expected.
Caution: A possible change in the direction of resistance at 1.30572 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30708 |
| 2nd High | 1.30665 |
| Next High | 1.30572 |
| Current Price | 1.30242 |
| Next Low | 1.30117 |
| 2nd Low | 1.29735 |
| 3rd Low | 1.29398 |