GBP/USD – 30M – BUYThe currency pair breaks through the descending trendline upwards
A bullish trend upwards to the next resistance level at 1.31133 will continue.
Caution: A possible trend reversal in the direction of the support line at 1.30760 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Target of the current trend is 1.31179072 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of resistance at 1.31133 is also possible.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.31744 |
| 2nd High | 1.31340 |
| Next High | 1.31133 |
| Current Price | 1.31026 |
| Next Low | 1.30760 |
| 2nd Low | 1.30639 |
| 3rd Low | 1.30588 |