GBP/USD – 30M – BUYThe combination moves from the bearish trendline up.
A bullish ascent upwards to the next resistance line at 1.33893 is expected.
Caution: A possible trend reversal in the direction of support at 1.32369 should be noted.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.333525 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance zone at 1.33893 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.34271 |
| 2nd High | 1.34227 |
| Next High | 1.33893 |
| Current Price | 1.32922 |
| Next Low | 1.32369 |
| 2nd Low | 1.32198 |
| 3rd Low | 1.31531 |