GBP/USD – 30M – BUYThe currency pair breaks through the bearish trendline upwards
A bullish trend upwards to the next resistance at 1.31034 is certain.
Caution: A possible trend reversal in the direction of the support level at 1.30639 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Current target is 1.31166 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the resistance line at 1.31034 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.31744 |
| 2nd High | 1.31340 |
| Next High | 1.31034 |
| Current Price | 1.30934 |
| Next Low | 1.30639 |
| 2nd Low | 1.30588 |
| 3rd Low | 1.30321 |