GBP/USD – 30M – BUYThe pair breaks through the descending trendline up.
An ascent upwards to the next resistance at 1.29945 will continue.
Caution: A possible reversal of the trend in the direction of the support zone at 1.29072 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30572 |
| 2nd High | 1.30151 |
| Next High | 1.29945 |
| Current Price | 1.29689 |
| Next Low | 1.29072 |
| 2nd Low | |
| 3rd Low |