GBP/USD – 1H – BUYThe currency pair breaks through the bearish trendline up.
A bullish movement upwards to the next resistance at 1.30771 is likely expected.
Caution: A possible trend reversal in the direction of the support level at 1.29735 should always be considered.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.31133 |
| 2nd High | 1.31028 |
| Next High | 1.30771 |
| Current Price | 1.30103 |
| Next Low | 1.29735 |
| 2nd Low | 1.29398 |
| 3rd Low |