GBP/USD – 1H – SELLCorrection of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 1.30491 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support level at 1.31073 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.32656 |
| 2nd High | 1.32380 |
| Next High | 1.31073 |
| Current Price | 1.30330 |
| Next Low | 1.30111 |
| 2nd Low | 1.29743 |
| 3rd Low | 1.29398 |