GBP/USD – 1H – SELLCorrection of the major bearish trend halted around the Fibonacci 0-Level.Continuation of the current descending trend is considered certain. Current target is 1.28338 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of support at 1.30091 should always be considered.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.30708 |
| 2nd High | 1.30476 |
| Next High | 1.30091 |
| Current Price | 1.28244 |
| Next Low | |
| 2nd Low | |
| 3rd Low |