GBP/USD – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 1.27211 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support line at 1.27512 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.28732 |
| 2nd High | 1.28109 |
| Next High | 1.27512 |
| Current Price | 1.27233 |
| Next Low | 1.27211 |
| 2nd Low | 1.26296 |
| 3rd Low | 1.26171 |