GBP/USD – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.3071166 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of the support line at 1.31073 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.32380 |
| 2nd High | 1.31426 |
| Next High | 1.31073 |
| Current Price | 1.30879 |
| Next Low | 1.30491 |
| 2nd Low | 1.30111 |
| 3rd Low | 1.29743 |