GBP/USD – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.30693 at the Fibonacci level 0-Level. Caution: A possible change in the direction of the support line at 1.31744 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.33055 |
| 2nd High | 1.32757 |
| Next High | 1.31744 |
| Current Price | 1.31211 |
| Next Low | 1.30693 |
| 2nd Low | 1.30321 |
| 3rd Low | 1.30316 |