The currency pair British Pound/US Dollar (GBP/USD) moves from the ascending trendline down.
A bearish movement downwards to the next support line at 1.30872 is considered certain.
Caution: A possible trend reversal in the direction of resistance at 1.3111 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
And also a ‘Resistance Level’ indicator layout is existing. The indicator shows ‘Resistance Level’. which is often a bearish chart signal. The currency pair is likely to fall.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.31544 |
| 2nd High | 1.31231 |
| Next High | 1.3111 |
| Current Price | 1.31082 |
| Next Low | 1.30872 |
| 2nd Low | 1.30848 |
| 3rd Low | 1.30382 |
1.3111 – 1.31088 – 1.3102 – 1.30872 – 1.30848 – 1.30382 —
1.30924 – 1.31152 —
41.746958527464 – 60.104163483876 —
– —
1.31110 – 1763971200
Trading Signals: FOREX – GBP – GBP/USD – USD – – – – – – – – – –