GBP/USD – 1H – SELLCorrection of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.29442 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the support zone at 1.29945 could happen.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30708 |
| 2nd High | 1.30151 |
| Next High | 1.29945 |
| Current Price | 1.29129 |
| Next Low | |
| 2nd Low | |
| 3rd Low |