GBP/USD – 1H – BUYThe pair breaks through the descending trendline upwards
A bullish movement up to the next resistance level at 1.30934 is considered certain.
Caution: A possible reversal of the trend in the direction of the support zone at 1.30416 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 | 1.30934 |
| Current Price | 1.30762 |
| Next Low | 1.30416 |
| 2nd Low | 1.30219 |
| 3rd Low | 1.30019 |