GBP/USD – 1H – BUYThe combination breaks through the bearish trendline up.
An ascending movement up to the next resistance line at 1.31073 is expected.
Caution: A possible counter-trend in the direction of the support level at 1.30574 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.32656 |
| 2nd High | 1.32380 |
| Next High | 1.31073 |
| Current Price | 1.30853 |
| Next Low | 1.30574 |
| 2nd Low | 1.30111 |
| 3rd Low | 1.29743 |