GBP/USD – 1H – BUYThe currency pair breaks through the descending trendline up.
A bullish ascent upwards to the next resistance level at 1.32977 is likely expected.
Caution: A possible trend reversal in the direction of support at 1.31531 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.32977 |
| Current Price | 1.32496 |
| Next Low | 1.31531 |
| 2nd Low | 1.31460 |
| 3rd Low | 1.31144 |