GBP/USD – 30M – SELLThe combination jumps from the bearish trendline down.
A continuation of the downward movement down to the next support line at 1.29072 is certain.
Caution: A possible trend reversal in the direction of the resistance level at 1.29945 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30572 |
| 2nd High | 1.30151 |
| Next High | 1.29945 |
| Current Price | 1.29667 |
| Next Low | 1.29072 |
| 2nd Low | |
| 3rd Low |