GBP/USD – 30M – BUYThe combination breaks through the descending trendline upwards
A bullish ascent upwards to the next resistance line at 1.27543 is likely expected.
Caution: A possible reversal of the trend in the direction of the support line at 1.27310 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.29253 |
| 2nd High | 1.28732 |
| Next High | 1.27543 |
| Current Price | 1.27487 |
| Next Low | 1.27310 |
| 2nd Low | 1.27190 |
| 3rd Low |