GBP/USD – 1H – SELLCorrection of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 1.30875 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support line at 1.32380 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.32656 |
| Next High | 1.32380 |
| Current Price | 1.31151 |
| Next Low | 1.31095 |
| 2nd Low | 1.31006 |
| 3rd Low | 1.30875 |