GBP/USD – 30M – BUYThe combination breaks through the bearish trendline upwards
A bullish trend up to the next resistance at 1.29981 will persist.
Caution: A possible counter-trend in the direction of the support line at 1.29556 could happen.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Target of the current trend is 1.29920094 at the Fibonacci level 0.79-Level. Caution: A possible counter-trend in the direction of the resistance level at 1.29981 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30572 |
| 2nd High | 1.30151 |
| Next High | 1.29981 |
| Current Price | 1.29703 |
| Next Low | 1.29556 |
| 2nd Low | 1.29479 |
| 3rd Low | 1.29072 |