GBP/USD – 1H – BUYCorrection of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.26924284 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance level at 1.27459 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.27686 |
| 2nd High | 1.27498 |
| Next High | 1.27459 |
| Current Price | 1.26444 |
| Next Low | 1.25246 |
| 2nd Low | 1.25067 |
| 3rd Low | 1.24870 |