GBP/USD – 1H – BUYCorrection of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 1.311995 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of resistance at 1.31110 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.32656 |
| 2nd High | 1.32380 |
| Next High | 1.31110 |
| Current Price | 1.30798 |
| Next Low | 1.30019 |
| 2nd Low | 1.29743 |
| 3rd Low | 1.29398 |