GBP/USD – 30M – BUYThe pair breaks through the descending trendline up.
A bullish movement upwards to the next resistance line at 1.29981 is certain.
Caution: A possible trend reversal in the direction of the support level at 1.29393 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30572 |
| 2nd High | 1.30151 |
| Next High | 1.29981 |
| Current Price | 1.29920 |
| Next Low | 1.29393 |
| 2nd Low | 1.29072 |
| 3rd Low |