GBP/USD – 1H – BUYThe combination breaks through the descending trendline upwards
A bullish trend upwards to the next resistance at 1.30715 is considered certain.
Caution: A possible trend reversal in the direction of the support line at 1.30403 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30934 |
| 2nd High | 1.30829 |
| Next High | 1.30715 |
| Current Price | 1.30571 |
| Next Low | 1.30403 |
| 2nd Low | 1.30219 |
| 3rd Low | 1.30019 |