GBP/USD – 1H – BUYCorrection of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is expected. Current target is 1.30397 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance zone at 1.30771 is also possible.
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 | 1.30153 |
| Next Low | 1.29766 |
| 2nd Low | 1.29743 |
| 3rd Low | 1.29398 |