GBP/USD – 1H – SELLCorrection of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Current target is 1.32369 at the Fibonacci level 0-Level. Caution: A possible trend reversal in the direction of support at 1.34227 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.34336 |
| 2nd High | 1.34271 |
| Next High | 1.34227 |
| Current Price | 1.32498 |
| Next Low | 1.32369 |
| 2nd Low | 1.31531 |
| 3rd Low | 1.31460 |