GBP/USD – 1H – BUYThe currency pair breaks through the descending trendline up.
An ascending movement up to the next resistance level at 1.29945 will persist.
Caution: A possible change in the direction of the support level at 1.29072 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30708 |
| 2nd High | 1.30151 |
| Next High | 1.29945 |
| Current Price | 1.29726 |
| Next Low | 1.29072 |
| 2nd Low | |
| 3rd Low |