GBP/USD – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.26973 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of resistance at 1.27459 could occur.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.27686 |
| 2nd High | 1.27498 |
| Next High | 1.27459 |
| Current Price | 1.26842 |
| Next Low | 1.26795 |
| 2nd Low | 1.26716 |
| 3rd Low | 1.26448 |