GBP/USD – 30M – SELL
The currency pair jumps from the ascending trendline down.
A bearish trend downwards to the next support level at 1.31558 is likely expected.
Caution: A possible reversal of the trend in the direction of the resistance line at 1.32298 could occur.
Consider stop-loss settings accordingly.
Support & Resistance | Price Range* |
---|---|
3rd High | 1.32656 |
2nd High | 1.32380 |
Next High | 1.32298 |
Current Price | 1.32200 |
Next Low | 1.31558 |
2nd Low | 1.31460 |
3rd Low | 1.31176 |