GBP/USD – 1H – BUYThe pair goes from the ascending trendline up.
A continuation of the bullish trend upwards to the next resistance level at 1.30013 is likely expected.
Caution: A possible counter-trend in the direction of the support zone at 1.29577 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30708 |
| 2nd High | 1.30151 |
| Next High | 1.30013 |
| Current Price | 1.29967 |
| Next Low | 1.29577 |
| 2nd Low | 1.29393 |
| 3rd Low | 1.29072 |