GBP/USD – 1H – SELLCorrection of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend will continue. Target of the current trend is 1.28839796 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support level at 1.30147 is also possible.
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 | 1.30147 |
| Current Price | 1.29189 |
| Next Low | 1.28436 |
| 2nd Low | |
| 3rd Low |