GBP/USD – 30M – SELLThe currency pair goes from the descending trendline downwards
A continuation of the downtrend down to the next support at 1.29157 is expected.
Caution: A possible reversal of the trend in the direction of the resistance zone at 1.29985 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30151 |
| 2nd High | 1.30147 |
| Next High | 1.29985 |
| Current Price | 1.29588 |
| Next Low | 1.29157 |
| 2nd Low | 1.28841 |
| 3rd Low | 1.28436 |