GBP/USD – 30M – BUYCorrection of the major bearish trend broke through the Fibonacci 0-Level.Continuation of the current ascending trend will persist. Target of the current trend is 1.31000216 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 1.31073 should be noted.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.32380 |
| 2nd High | 1.31426 |
| Next High | 1.31073 |
| Current Price | 1.30643 |
| Next Low | 1.30574 |
| 2nd Low | 1.30111 |
| 3rd Low | 1.29743 |