GBP/USD – 30M – BUYCorrection of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Current target is 1.324045 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 1.32757 is within the realm of possibility.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.33893 |
| 2nd High | 1.33055 |
| Next High | 1.32757 |
| Current Price | 1.31700 |
| Next Low | 1.30916 |
| 2nd Low | 1.30321 |
| 3rd Low | 1.30316 |