GBP/USD – 1H – SELLCorrection of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 1.29735 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of support at 1.30708 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.31028 |
| 2nd High | 1.30771 |
| Next High | 1.30708 |
| Current Price | 1.29707 |
| Next Low | 1.29398 |
| 2nd Low | |
| 3rd Low |