GBP/USD – 1H – BUYThe pair goes from the bullish trendline downwards
A descending movement down to the next support at 1.28436 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.30147 could happen.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke the Fibonacci 0.5-Level.Continuation of the current ascending trend will continue. Current target is 1.29780846 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 1.30147 could happen.
Please make appropriate stop-loss settings in the case of a trade.
The chart formed a ‘Three White Soldiers’ candlestick pattern, which means 3 higher candles in a row.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30708 |
| 2nd High | 1.30151 |
| Next High | 1.30147 |
| Current Price | 1.29671 |
| Next Low | 1.28436 |
| 2nd Low | |
| 3rd Low |