GBP/USD – 30M – BUYThe currency pair British Pound/US Dollar (GBP/USD) breaks through the bearish trendline up.
A bullish ascent upwards to the next resistance level at 1.25416 is likely expected.
Caution: A possible trend reversal in the direction of support at 1.25260 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.26136 |
| 2nd High | 1.25878 |
| Next High | 1.25416 |
| Current Price | 1.25304 |
| Next Low | 1.25260 |
| 2nd Low | 1.25093 |
| 3rd Low | 1.24744 |