GBP/USD – 30M – SELLThe currency pair moves from the ascending trendline down.
A bearish trend down to the next support line at 1.29393 is expected.
Caution: A possible trend reversal in the direction of the resistance line at 1.29981 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.296115 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 1.29981 could be enabled.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30572 |
| 2nd High | 1.30151 |
| Next High | 1.29981 |
| Current Price | 1.29844 |
| Next Low | 1.29393 |
| 2nd Low | 1.29072 |
| 3rd Low |