GBP/USD – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 1.24744 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support level at 1.25878 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.26666 |
| 2nd High | 1.26136 |
| Next High | 1.25878 |
| Current Price | 1.25205 |
| Next Low | 1.24744 |
| 2nd Low | |
| 3rd Low |