GBP/USD – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.30276476 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support level at 1.30499 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.31426 |
| 2nd High | 1.31110 |
| Next High | 1.30499 |
| Current Price | 1.30488 |
| Next Low | 1.30316 |
| 2nd Low | 1.30019 |
| 3rd Low | 1.29743 |