GBP/USD – 1H – BUYThe combination British Pound/US Dollar (GBP/USD) breaks through the descending trendline upwards
The bullish trend upwards to the next resistance at 1.26966 is certain.
Caution: A possible trend reversal in the direction of the support zone at 1.26132 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.27686 |
| 2nd High | 1.27202 |
| Next High | 1.26966 |
| Current Price | 1.26948 |
| Next Low | 1.26132 |
| 2nd Low | 1.25975 |
| 3rd Low |