GBP/USD – 1H – BUYCorrection of the major bullish trend halted around the Fibonacci 0-Level.Continuation of the current ascending trend is likely expected. Current target is 1.33404 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance zone at is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | |
| Current Price | 1.33466 |
| Next Low | 1.32484 |
| 2nd Low | 1.31531 |
| 3rd Low | 1.31460 |