GBP/USD – 30M – SELLThe currency pair jumps from the descending trendline down.
A continuation of the downtrend down to the next support level at 1.27190 is likely expected.
Caution: A possible counter-trend in the direction of the resistance level at 1.28732 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.29764 |
| 2nd High | 1.29253 |
| Next High | 1.28732 |
| Current Price | 1.27363 |
| Next Low | 1.27190 |
| 2nd Low | |
| 3rd Low |