GBP/USD – 30M – SELLCorrection of the major bullish trend broke the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Current target is 1.30623466 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the support line at 1.31110 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.32380 |
| 2nd High | 1.31426 |
| Next High | 1.31110 |
| Current Price | 1.30555 |
| Next Low | 1.30491 |
| 2nd Low | 1.30111 |
| 3rd Low | 1.29743 |