GBP/USD – 30M – BUYThe combination moves from the ascending trendline downwards
A bearish movement downwards to the next support at 1.33741 is likely expected.
Caution: A possible change in the direction of the resistance level at 1.34227 could occur.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is likely expected. Current target is 1.338375 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance level at 1.34227 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.34336 |
| 2nd High | 1.34271 |
| Next High | 1.34227 |
| Current Price | 1.33748 |
| Next Low | 1.33741 |
| 2nd Low | 1.33656 |
| 3rd Low | 1.33598 |