GBP/USD – 1H – SELLThe currency pair moves from the descending trendline down.
A continuation of the downward movement downwards to the next support level at 1.29556 is considered certain.
Caution: A possible counter-trend in the direction of the resistance zone at 1.29877 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30151 |
| 2nd High | 1.29945 |
| Next High | 1.29877 |
| Current Price | 1.29592 |
| Next Low | 1.29556 |
| 2nd Low | 1.29072 |
| 3rd Low |