GBP/USD – 30M – SELLThe currency pair moves from the ascending trendline down.
A bearish trend down to the next support level at 1.28983 is considered certain.
Caution: A possible counter-trend in the direction of the resistance line at 1.30476 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30665 |
| 2nd High | 1.30572 |
| Next High | 1.30476 |
| Current Price | 1.29633 |
| Next Low | 1.28983 |
| 2nd Low | 1.28689 |
| 3rd Low | 1.28338 |