GBP/USD – 30M – BUYThe pair goes from the ascending trendline up.
A continuation of the upward movement upwards to the next resistance at 1.31051 will persist.
Caution: A possible change in the direction of the support line at 1.30760 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Target of the current trend is 1.3100438 at the Fibonacci level 0.24-Level. Caution: A possible change in the direction of resistance at 1.31051 is also possible.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.31340 |
| 2nd High | 1.31133 |
| Next High | 1.31051 |
| Current Price | 1.30928 |
| Next Low | 1.30760 |
| 2nd Low | 1.30639 |
| 3rd Low | 1.30588 |