GBP/USD – 30M – BUYCorrection of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Target of the current trend is 1.268345 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of resistance at 1.27222 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.27498 |
| 2nd High | 1.27459 |
| Next High | 1.27222 |
| Current Price | 1.26545 |
| Next Low | 1.26171 |
| 2nd Low | 1.25663 |
| 3rd Low | 1.25246 |