GBP/USD – 30M – SELLThe combination moves from the bearish trendline downwards
A continuation of the downward movement down to the next support at 1.29610 is certain.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.30151 should always be considered.
Consider stop-loss settings accordingly.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.29442 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support line at 1.30151 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30665 |
| 2nd High | 1.30572 |
| Next High | 1.30151 |
| Current Price | 1.29691 |
| Next Low | 1.29610 |
| 2nd Low | 1.29442 |
| 3rd Low | 1.29398 |