GBP/USD – 30M – BUYThe currency pair breaks through the bearish trendline up.
A bullish trend up to the next resistance level at 1.30829 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 1.30416 could happen.
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 | 1.30829 |
| Current Price | 1.30653 |
| Next Low | 1.30416 |
| 2nd Low | 1.30219 |
| 3rd Low | 1.30019 |