GBP/USD – 30M – SELL
The currency pair moves from the bearish trendline downwards
A continuation of the downtrend down to the next support line at 1.29735 is expected.
Caution: A possible counter-trend in the direction of the resistance zone at 1.30572 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is expected. Current target is 1.29735 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the support level at 1.30572 could be enabled.
Consider stop-loss settings accordingly.
Support & Resistance | Price Range* |
---|---|
3rd High | 1.30708 |
2nd High | 1.30665 |
Next High | 1.30572 |
Current Price | 1.29796 |
Next Low | 1.29735 |
2nd Low | 1.29398 |
3rd Low |