GBP/USD – 1H – SELLCorrection of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will persist. Current target is 1.30040148 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.30708 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.31028 |
| 2nd High | 1.30771 |
| Next High | 1.30708 |
| Current Price | 1.30215 |
| Next Low | 1.30199 |
| 2nd Low | 1.29735 |
| 3rd Low | 1.29398 |