GBP/USD – 1H – BUYThe currency pair moves from the ascending trendline upwards
A continuation of the upward movement upwards to the next resistance at 1.34227 is expected.
Caution: A possible change in the direction of the support level at 1.33656 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.34049024 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of resistance at 1.34227 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.34336 |
| 2nd High | 1.34271 |
| Next High | 1.34227 |
| Current Price | 1.33886 |
| Next Low | 1.33656 |
| 2nd Low | 1.33598 |
| 3rd Low | 1.33120 |