GBP/USD – 1H – SELLCorrection of the major bearish trend halted around the Fibonacci 0.79-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.265885 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the support line at 1.26891 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.27202 |
| 2nd High | 1.26966 |
| Next High | 1.26891 |
| Current Price | 1.26820 |
| Next Low | 1.26132 |
| 2nd Low | 1.25975 |
| 3rd Low |