GBP/USD – 30M – SELLThe currency pair British Pound/US Dollar (GBP/USD) jumps from the bearish trendline down.
A continuation of the downward movement down to the next support at 1.26127 will continue.
Caution: A possible counter-trend in the direction of the resistance line at 1.26404 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.26966 |
| 2nd High | 1.26423 |
| Next High | 1.26404 |
| Current Price | 1.26247 |
| Next Low | 1.26127 |
| 2nd Low | 1.25975 |
| 3rd Low |