GBP/USD – 1H – BUYThe pair breaks through the bearish trendline upwards
A bullish ascent up to the next resistance at 1.29981 will continue.
Caution: A possible reversal of the trend in the direction of support at 1.29556 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30708 |
| 2nd High | 1.30151 |
| Next High | 1.29981 |
| Current Price | 1.29817 |
| Next Low | 1.29556 |
| 2nd Low | 1.29072 |
| 3rd Low |