GBP/USD – 1H – SELLCorrection of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 1.26378796 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support line at 1.26966 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.27686 |
| 2nd High | 1.27202 |
| Next High | 1.26966 |
| Current Price | 1.26688 |
| Next Low | 1.25975 |
| 2nd Low | |
| 3rd Low |