GBP/USD – 1H – BUYThe combination breaks through the descending trendline up.
An ascent upwards to the next resistance at 1.31133 is expected.
Caution: A possible trend reversal in the direction of the support line at 1.30639 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.31744 |
| 2nd High | 1.31340 |
| Next High | 1.31133 |
| Current Price | 1.31026 |
| Next Low | 1.30639 |
| 2nd Low | 1.30588 |
| 3rd Low | 1.30019 |