GBP/USD – 1H – BUYCorrection of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 1.33869132 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance level at 1.34297 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.34297 |
| Current Price | 1.33570 |
| Next Low | 1.33120 |
| 2nd Low | 1.32484 |
| 3rd Low | 1.31531 |