GBP/USD – 30M – BUYThe currency pair breaks through the bearish trendline up.
A bullish trend up to the next resistance at 1.29981 is considered certain.
Caution: A possible counter-trend in the direction of support at 1.29556 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30572 |
| 2nd High | 1.30151 |
| Next High | 1.29981 |
| Current Price | 1.29482 |
| Next Low | 1.29556 |
| 2nd Low | 1.29479 |
| 3rd Low | 1.29072 |