GBP/USD – 30M – BUYCorrection of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Current target is 1.31874 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance level at 1.31744 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.33055 |
| 2nd High | 1.32757 |
| Next High | 1.31744 |
| Current Price | 1.31262 |
| Next Low | 1.30693 |
| 2nd Low | 1.30321 |
| 3rd Low | 1.30316 |