GBP/USD – 30M – BUYCorrection of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 1.30564 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance line at 1.30685 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30829 |
| 2nd High | 1.30715 |
| Next High | 1.30685 |
| Current Price | 1.30526 |
| Next Low | 1.30415 |
| 2nd Low | 1.30299 |
| 3rd Low | 1.30219 |