Buy GBP/USD – 4H – BUY

The currency pair British Pound/US Dollar (GBP/USD) jumps from the ascending trendline down.

A descending movement down to the next support level at 1.32502 is considered certain.

Caution: A possible reversal of the trend in the direction of resistance at 1.35928 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.

Support & Resistance Price Range*
3rd High
2nd High
Next High 1.35928
Current Price 1.34690
Next Low 1.32502
2nd Low 1.31394
3rd Low 1.27079

1.35928 – 1.34686 – 1.33599 – 1.32502 – 1.31394 – 1.32551

Trading Signals:

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