GBP/USD – 1H – SELLCorrection of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend will persist. Target of the current trend is 1.3341 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 1.34336 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.34336 |
| Current Price | 1.33815 |
| Next Low | 1.33598 |
| 2nd Low | 1.33120 |
| 3rd Low | 1.32484 |