GBP/USD – 1H – BUYThe currency pair breaks through the descending trendline up.
An ascending movement upwards to the next resistance at 1.30013 is certain.
Caution: A possible reversal of the trend in the direction of the support level at 1.29577 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30708 |
| 2nd High | 1.30151 |
| Next High | 1.30013 |
| Current Price | 1.30046 |
| Next Low | 1.29577 |
| 2nd Low | 1.29393 |
| 3rd Low | 1.29072 |