GBP/USD – 4H – SELLThe pair British Pound/US Dollar (GBP/USD) goes from the bullish trendline downwards
A bearish descent downwards to the next support line at 1.24870 will persist.
Caution: A possible change in the direction of the resistance zone at 1.27283 could happen.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend broke through the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 1.25563146 at the Fibonacci level 0.79-Level. Caution: A possible change in the direction of support at 1.27283 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.28109 |
| 2nd High | 1.27873 |
| Next High | 1.27283 |
| Current Price | 1.25276 |
| Next Low | 1.24870 |
| 2nd Low | |
| 3rd Low |