GBP/USD – 1H – BUYThe combination breaks through the bearish trendline upwards
The bullish trend up to the next resistance at 1.29985 is considered certain.
Caution: A possible trend reversal in the direction of the support line at 1.29343 could occur.
Consider stop-loss settings accordingly.
Correction of the major bearish trend broke the Fibonacci 0.79-Level.Continuation of the current ascending trend is considered certain. Current target is 1.30147 at the Fibonacci level 1-Level. Caution: A possible trend reversal in the direction of the resistance zone at 1.29985 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30151 |
| 2nd High | 1.30147 |
| Next High | 1.29985 |
| Current Price | 1.29821 |
| Next Low | 1.29343 |
| 2nd Low | 1.28436 |
| 3rd Low |