GBP/USD – 1H – BUYCorrection of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Target of the current trend is 1.27498 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of resistance at 1.27459 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.27686 |
| 2nd High | 1.27498 |
| Next High | 1.27459 |
| Current Price | 1.27038 |
| Next Low | 1.26716 |
| 2nd Low | 1.26448 |
| 3rd Low | 1.25246 |