GBP/USD – 30M – SELLCorrection of the major bullish trend broke through the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Target of the current trend is 1.3341 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support zone at 1.34336 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | |
| Next High | 1.34336 |
| Current Price | 1.33812 |
| Next Low | 1.33339 |
| 2nd Low | 1.33120 |
| 3rd Low | 1.32484 |