GBP/USD – 1H – BUYThe currency pair moves from the bullish trendline up.
A continuation of the bullish trend upwards to the next resistance at 1.32298 is likely expected.
Caution: A possible change in the direction of support at 1.31460 is within the realm of possibility.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Current target is 1.32298 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the resistance zone at 1.32298 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.32656 |
| 2nd High | 1.32380 |
| Next High | 1.32298 |
| Current Price | 1.31978 |
| Next Low | 1.31460 |
| 2nd Low | 1.31144 |
| 3rd Low | 1.30019 |