GBP/USD – 1H – BUYThe combination jumps from the descending trendline upwards
A bullish trend upwards to the next resistance line at 1.31028 is expected.
Caution: A possible trend reversal in the direction of the support level at 1.30351 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.31340 |
| 2nd High | 1.31133 |
| Next High | 1.31028 |
| Current Price | 1.30162 |
| Next Low | 1.30351 |
| 2nd Low | 1.30299 |
| 3rd Low | 1.30219 |