GBP/USD – 30M – BUYCorrection of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 1.3071558 at the Fibonacci level 0.79-Level. Caution: A possible trend reversal in the direction of the resistance level at 1.30829 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 | 1.30729 |
| Next Low | 1.30415 |
| 2nd Low | 1.30299 |
| 3rd Low | 1.30219 |