GBP/USD – 1H – BUYThe currency pair breaks through the bearish trendline up.
A bullish ascent up to the next resistance line at 1.31133 is expected.
Caution: A possible change in the direction of the support level at 1.30551 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.31744 |
| 2nd High | 1.31340 |
| Next High | 1.31133 |
| Current Price | 1.30699 |
| Next Low | 1.30551 |
| 2nd Low | 1.30019 |
| 3rd Low | 1.29743 |