GBP/USD – 4H – SELLThe pair British Pound/US Dollar (GBP/USD) jumps from the ascending trendline downwards
A bearish trend down to the next support level at 1.26171 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.30476 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.31028 |
| 2nd High | 1.30708 |
| Next High | 1.30476 |
| Current Price | 1.27484 |
| Next Low | 1.26171 |
| 2nd Low | 1.24870 |
| 3rd Low |