GBP/USD – 30M – BUYThe combination British Pound/US Dollar (GBP/USD) jumps from the ascending trendline up.
A continuation of the upward movement upwards to the next resistance line at 1.26891 will continue.
Caution: A possible change in the direction of the support level at 1.26127 could be enabled.
Consider stop-loss settings accordingly.
Correction of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Target of the current trend is 1.26433 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance zone at 1.26891 could be enabled.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.27202 |
| 2nd High | 1.26966 |
| Next High | 1.26891 |
| Current Price | 1.26430 |
| Next Low | 1.26127 |
| 2nd Low | 1.25975 |
| 3rd Low |