GBP/USD – 30M – BUYThe pair breaks through the descending trendline up.
The bullish trend upwards to the next resistance level at 1.29877 is expected.
Caution: A possible counter-trend in the direction of the support level at 1.29072 could happen.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30151 |
| 2nd High | 1.29945 |
| Next High | 1.29877 |
| Current Price | 1.29751 |
| Next Low | 1.29072 |
| 2nd Low | |
| 3rd Low |