GBP/USD – 30M – BUYThe pair breaks through the descending trendline upwards
A bullish movement up to the next resistance at 1.31028 is certain.
Caution: A possible counter-trend in the direction of support at 1.30605 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Current target is 1.30855956 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of resistance at 1.31028 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.31133 |
| 2nd High | 1.31051 |
| Next High | 1.31028 |
| Current Price | 1.30686 |
| Next Low | 1.30605 |
| 2nd Low | 1.30351 |
| 3rd Low | 1.30299 |