GBP/USD – 30M – BUYThe currency pair breaks through the descending trendline up.
A bullish trend up to the next resistance at 1.30010 is expected.
Caution: A possible trend reversal in the direction of the support zone at 1.29766 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30771 |
| 2nd High | 1.30374 |
| Next High | 1.30010 |
| Current Price | 1.29890 |
| Next Low | 1.29766 |
| 2nd Low | 1.29743 |
| 3rd Low | 1.29398 |