GBP/USD – 1H – BUYThe currency pair British Pound/US Dollar (GBP/USD) breaks through the descending trendline up.
An ascent upwards to the next resistance at 1.25505 is expected.
Caution: A possible reversal of the trend in the direction of the support line at 1.23521 should be noted.
In the case of a trade, always set appropriate stop-loss settings.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.26073 |
| 2nd High | 1.25690 |
| Next High | 1.25505 |
| Current Price | 1.25609 |
| Next Low | 1.23521 |
| 2nd Low | |
| 3rd Low |