GBP/USD – 30M – BUYCorrection of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Target of the current trend is 1.294675 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of resistance at 1.30476 is also possible.
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 | 1.29074 |
| Next Low | 1.28459 |
| 2nd Low | 1.28436 |
| 3rd Low |