GBP/USD – 30M – BUYCorrection of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Target of the current trend is 1.298685 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance line at 1.29945 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30572 |
| 2nd High | 1.30151 |
| Next High | 1.29945 |
| Current Price | 1.29616 |
| Next Low | 1.29072 |
| 2nd Low | |
| 3rd Low |