GBP/USD – 30M – BUYThe combination breaks through the descending trendline up.
A bullish ascent upwards to the next resistance level at 1.33404 is considered certain.
Caution: A possible counter-trend in the direction of the support zone at 1.32712 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.24-Level.Continuation of the current ascending trend is considered certain. Current target is 1.33404 at the Fibonacci level 0-Level. Caution: A possible counter-trend in the direction of the resistance zone at 1.33404 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.33404 |
| Current Price | 1.33213 |
| Next Low | 1.32712 |
| 2nd Low | 1.32198 |
| 3rd Low | 1.31531 |