GBP/USD – 1H – SELLCorrection of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is expected. Target of the current trend is 1.28842568 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 1.30091 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30708 |
| 2nd High | 1.30476 |
| Next High | 1.30091 |
| Current Price | 1.28971 |
| Next Low | 1.28338 |
| 2nd Low | |
| 3rd Low |