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 line at 1.35204 is considered certain.
Caution: A possible change in the direction of the resistance zone at 1.35943 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.35204 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 1.35943 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.36809 |
| 2nd High | 1.36577 |
| Next High | 1.35943 |
| Current Price | 1.35459 |
| Next Low | 1.35204 |
| 2nd Low | 1.33699 |
| 3rd Low | 1.33344 |
1.35943 – 1.35914 – 1.36577 – 1.35204 – 1.35595 – 1.36345 — 57.619354939652 – 50.866100199394 — 89.917873854802 – 66.722709551657 – 88.793475035652 – 84.040826614993