GBP/USD – 30M – SELLThe currency pair British Pound/US Dollar (GBP/USD) jumps from the descending trendline downwards
A continuation of the bearish trend down to the next support line at 1.31074 is certain.
Caution: A possible counter-trend in the direction of the resistance zone at 1.31544 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Next a ‘Support Level’ indicator layout is found. The indicator shows ‘Support Level’. which could be a negative signal. The currency pair could go down.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.3176 |
| 2nd High | 1.31707 |
| Next High | 1.31544 |
| Current Price | 1.31170 |
| Next Low | 1.31074 |
| 2nd Low | 1.31 |
| 3rd Low | 1.30839 |
1.31544 – 1.31707 – 1.3176 – 1.31285 – 1.31332 – 1.31415 —
1.31476 – 1.31263 —
41.777604109577 – 45.128228074913 —
– —
1.31544 – 1763541000