GBP/USD – 30M – BUYThe currency pair British Pound/US Dollar (GBP/USD) breaks through the descending trendline up.
An ascent up to the next resistance level at 1.26423 is expected.
Caution: A possible counter-trend in the direction of the support level at 1.25975 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.27202 |
| 2nd High | 1.26966 |
| Next High | 1.26423 |
| Current Price | 1.26293 |
| Next Low | 1.25975 |
| 2nd Low | |
| 3rd Low |