GBP/USD – 1H – BUYThe combination breaks through the descending trendline up.
The bullish trend up to the next resistance level at 1.29945 is considered certain.
Caution: A possible counter-trend in the direction of the support level at 1.29072 should always be considered.
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 | 1.29720 |
| Next Low | 1.29072 |
| 2nd Low | |
| 3rd Low |