GBP/USD – 30M – BUYThe currency pair breaks through the descending trendline upwards
A bullish movement up to the next resistance line at 1.31034 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 1.30588 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.31744 |
| 2nd High | 1.31340 |
| Next High | 1.31034 |
| Current Price | 1.30954 |
| Next Low | 1.30588 |
| 2nd Low | 1.30321 |
| 3rd Low | 1.30316 |