GBP/USD – 1H – BUYCorrection of the major bearish trend broke through the Fibonacci 0.79-Level.Continuation of the current ascending trend is certain. Current target is 1.30147 at the Fibonacci level 1-Level. Caution: A possible change in the direction of the resistance level at 1.30147 should be noted.
Consider stop-loss settings accordingly.
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 | 1.29929 |
| Next Low | 1.28436 |
| 2nd Low | |
| 3rd Low |