GBP/USD – 1H – BUYThe currency pair breaks through the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance at 1.33589 is likely expected.
Caution: A possible reversal of the trend in the direction of the support line at 1.33314 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.33589 |
| Current Price | 1.33962 |
| Next Low | 1.33314 |
| 2nd Low | 1.32484 |
| 3rd Low | 1.31531 |