GBP/USD – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is considered certain. Current target is 1.27063756 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance line at 1.27283 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.27988 |
| 2nd High | 1.27873 |
| Next High | 1.27283 |
| Current Price | 1.26873 |
| Next Low | 1.26660 |
| 2nd Low | 1.26354 |
| 3rd Low | 1.26067 |