GBP/USD – 30M – BUYCorrection of the major bearish trend broke through the Fibonacci 0.5-Level.Continuation of the current ascending trend is expected. Current target is 1.26939422 at the Fibonacci level 0.79-Level. Caution: A possible reversal of the trend in the direction of the resistance line at 1.26966 is also possible.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.27686 |
| 2nd High | 1.27202 |
| Next High | 1.26966 |
| Current Price | 1.26739 |
| Next Low | 1.26127 |
| 2nd Low | 1.25975 |
| 3rd Low |