GBP/USD – 1H – SELLCorrection of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.28436 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the support level at 1.30476 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30771 |
| 2nd High | 1.30708 |
| Next High | 1.30476 |
| Current Price | 1.28800 |
| Next Low | 1.28436 |
| 2nd Low | |
| 3rd Low |