GBP/USD – 1H – BUYThe pair breaks through the ascending trendline upwards
A continuation of the bullish trend upwards to the next resistance at 1.34297 is expected.
Caution: A possible reversal of the trend in the direction of the support line at 1.33120 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 1.34297 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 1.34297 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.34297 |
| Current Price | 1.34275 |
| Next Low | 1.33120 |
| 2nd Low | 1.32484 |
| 3rd Low | 1.31531 |