GBP/USD – 1H – BUYThe combination breaks through the descending trendline upwards
An ascent up to the next resistance at 1.30231 will persist.
Caution: A possible counter-trend in the direction of the support zone at 1.29735 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.31028 |
| 2nd High | 1.30771 |
| Next High | 1.30231 |
| Current Price | 1.30221 |
| Next Low | 1.29735 |
| 2nd Low | 1.29398 |
| 3rd Low |