GBP/USD – 30M – BUYThe combination goes from the ascending trendline upwards
A continuation of the uptrend upwards to the next resistance level at 1.32977 is expected.
Caution: A possible trend reversal in the direction of the support level at 1.31558 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.320765 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance zone at 1.32977 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.32977 |
| Current Price | 1.31930 |
| Next Low | 1.31558 |
| 2nd Low | 1.31460 |
| 3rd Low | 1.31176 |