GBP/USD – 30M – BUYThe pair breaks through the bullish trendline up.
A continuation of the uptrend upwards to the next resistance at 1.33316 is certain.
Caution: A possible trend reversal in the direction of the support zone at 1.32484 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Current target is 1.33404 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of resistance at 1.33316 could happen.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.33404 |
| Next High | 1.33316 |
| Current Price | 1.33274 |
| Next Low | 1.32484 |
| 2nd Low | 1.32198 |
| 3rd Low | 1.31531 |