GBP/USD – 1H – SELLThe combination British Pound/US Dollar (GBP/USD) goes from the descending trendline downwards
A continuation of the downtrend down to the next support at will persist.
Caution: A possible trend reversal in the direction of the resistance zone at 1.30091 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend will persist. Current target is 1.2719 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of the support zone at 1.30091 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30708 |
| 2nd High | 1.30476 |
| Next High | 1.30091 |
| Current Price | 1.27053 |
| Next Low | |
| 2nd Low | |
| 3rd Low |