GBP/USD – 30M – BUYThe pair breaks through the bearish trendline up.
A bullish ascent up to the next resistance at 1.30151 is considered certain.
Caution: A possible change in the direction of the support line at 1.29556 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1.30251 at the Fibonacci level 0.79-Level. Caution: A possible change 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 | 1.30665 |
| 2nd High | 1.30572 |
| Next High | 1.30151 |
| Current Price | 1.29953 |
| Next Low | 1.29556 |
| 2nd Low | 1.29479 |
| 3rd Low | 1.29072 |