GBP/USD – 1H – BUYCorrection of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is likely expected. Current target is 1.3238 at the Fibonacci level 1-Level. Caution: A possible counter-trend in the direction of the resistance level at 1.32380 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.32656 |
| Next High | 1.32380 |
| Current Price | 1.31894 |
| Next Low | 1.31144 |
| 2nd Low | 1.30019 |
| 3rd Low | 1.29743 |