GBP/USD – 30M – BUYThe currency pair jumps from the bearish trendline upwards
An ascent up to the next resistance at 1.30476 is considered certain.
Caution: A possible counter-trend in the direction of the support zone at 1.28459 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke through the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Current target is 1.28935012 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of resistance at 1.30476 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30665 |
| 2nd High | 1.30572 |
| Next High | 1.30476 |
| Current Price | 1.28793 |
| Next Low | 1.28459 |
| 2nd Low | 1.28436 |
| 3rd Low |