GBP/USD – 30M – BUYThe combination British Pound/US Dollar (GBP/USD) breaks through the bearish trendline up.
A bullish movement up to the next resistance line at 1.24165 is likely expected.
Caution: A possible counter-trend in the direction of the support level at 1.23521 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.25542 |
| 2nd High | 1.25401 |
| Next High | 1.24165 |
| Current Price | 1.24073 |
| Next Low | 1.23521 |
| 2nd Low | |
| 3rd Low |