GBP/USD – 30M – BUYCorrection of the major bearish trend broke the Fibonacci 0-Level.Continuation of the current ascending trend is expected. Target of the current trend is 1.31180104 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance zone at 1.31340 could happen.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.32757 |
| 2nd High | 1.31744 |
| Next High | 1.31340 |
| Current Price | 1.30813 |
| Next Low | 1.30693 |
| 2nd Low | 1.30321 |
| 3rd Low | 1.30316 |