GBP/USD – 1H – BUYThe currency pair breaks through the bearish trendline upwards
A bullish movement up to the next resistance level at 1.30829 will continue.
Caution: A possible change in the direction of the support zone at 1.30403 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend will continue. Target of the current trend is 1.307795 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance zone at 1.30829 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.31133 |
| 2nd High | 1.30934 |
| Next High | 1.30829 |
| Current Price | 1.30567 |
| Next Low | 1.30403 |
| 2nd Low | 1.30219 |
| 3rd Low | 1.30019 |