GBP/USD – 1H – SELLCorrection of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend will continue. Target of the current trend is 1.24744 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support line at 1.26136 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.27253 |
| 2nd High | 1.26666 |
| Next High | 1.26136 |
| Current Price | 1.25302 |
| Next Low | 1.25093 |
| 2nd Low | 1.24744 |
| 3rd Low |