Buy GBP/USD – 30M – BUY

The combination breaks through the descending trendline up.

An ascent up to the next resistance at 1.30572 will persist.

Caution: A possible reversal of the trend in the direction of the support level at 1.30199 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend will persist. Current target is 1.30478372 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 1.30572 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.

Support & Resistance Price Range*
3rd High 1.30708
2nd High 1.30665
Next High 1.30572
Current Price 1.30303
Next Low 1.30199
2nd Low 1.29735
3rd Low 1.29398

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