GBP/USD – 1H – SELLThe pair jumps from the bearish trendline down.
A continuation of the downtrend down to the next support line at 1.29072 is expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.29877 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30151 |
| 2nd High | 1.29945 |
| Next High | 1.29877 |
| Current Price | 1.29681 |
| Next Low | 1.29072 |
| 2nd Low | |
| 3rd Low |