GBP/USD – 1H – BUYCorrection of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1.316275 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 1.32380 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.32656 |
| Next High | 1.32380 |
| Current Price | 1.31340 |
| Next Low | 1.31006 |
| 2nd Low | 1.30875 |
| 3rd Low | 1.30761 |