GBP/USD – 30M – SELLIn addition a ‘Double bottom retreat down’ chart layout is existing. The chart shows ‘Double bottom retreat down’. this is a bearish chart scenario. The pair is likely to go down.
The pair British Pound/US Dollar (GBP/USD) jumps from the ascending trendline downwards
A bearish movement downwards to the next support line at 1.35224 is expected.
Caution: A possible trend reversal in the direction of resistance at 1.35930 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.36165 |
| Next High | 1.35930 |
| Current Price | 1.35954 |
| Next Low | 1.35224 |
| 2nd Low | 1.34639 |
| 3rd Low | 1.34559 |
1.35930 – 1.35097 – 1.35364 – 1.35224 – 1.34639 – 1.34898