GBP/USD – 30M – SELLCorrection of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 1.30434704 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support zone at 1.30663 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.31051 |
| 2nd High | 1.30934 |
| Next High | 1.30663 |
| Current Price | 1.30611 |
| Next Low | 1.30219 |
| 2nd Low | 1.30019 |
| 3rd Low | 1.29743 |