GBP/USD – 1H – BUYThe pair jumps from the bearish trendline downwards
A continuation of the downtrend down to the next support at 1.29767 is expected.
Caution: A possible trend reversal in the direction of the resistance zone at 1.30151 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke the Fibonacci 0-Level.Continuation of the current ascending trend is expected. Current target is 1.29979496 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance zone at 1.30151 could occur.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30771 |
| 2nd High | 1.30708 |
| Next High | 1.30151 |
| Current Price | 1.29816 |
| Next Low | 1.29767 |
| 2nd Low | 1.29735 |
| 3rd Low | 1.29398 |