GBP/USD – 1H – BUYThe currency pair goes from the descending trendline upwards
A bullish movement up to the next resistance level at 1.30151 is expected.
Caution: A possible change in the direction of the support zone at 1.29442 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 1.301065 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance level at 1.30151 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30771 |
| 2nd High | 1.30708 |
| Next High | 1.30151 |
| Current Price | 1.29828 |
| Next Low | 1.29442 |
| 2nd Low | 1.29398 |
| 3rd Low |