GBP/USD – 4H – SELL
The currency pair moves from the bearish trendline down.
A continuation of the downtrend downwards to the next support line at 1.22998 will continue.
Caution: A possible counter-trend in the direction of the resistance zone at 1.24840 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.28032 |
| 2nd High | 1.27088 |
| Next High | 1.24840 |
| Current Price | 1.24336 |
| Next Low | 1.22998 |
| 2nd Low | |
| 3rd Low |