GBP/USD – 1H – BUYCorrection of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1.303815 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of resistance at 1.30708 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.31028 |
| 2nd High | 1.30771 |
| Next High | 1.30708 |
| Current Price | 1.30092 |
| Next Low | 1.29767 |
| 2nd Low | 1.29735 |
| 3rd Low | 1.29398 |