GBP/USD – 1H – BUYThe pair British Pound/US Dollar (GBP/USD) jumps from the bullish trendline downwards
A descent down to the next support level at 1.33906 will continue.
Caution: A possible reversal of the trend in the direction of the resistance level at 1.35865 could occur.
In the case of a trade, always set appropriate stop-loss settings.
Das Paar British Pound/US Dollar (GBP/USD) tendiert von der bulligen Trendlinie abwärts
Ein bäriger Trend nach unten zur nächsten Unterstützungslinie bei 1.33906 ist möglich.
Vorsicht: Ein Gegentrend in die Richtung des Widerstands bei 1.35865 sollte beachtet werden.
Im Fall eines Trades immer entsprechende Stop-Loss Einstellungen setzen.
Correction of the major bullish trend halted around the Fibonacci 0.5-Level.Continuation of the current ascending trend is certain. Target of the current trend is 1.35318176 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance zone at 1.35865 should always be considered.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.35928 |
| Next High | 1.35865 |
| Current Price | 1.34711 |
| Next Low | 1.33906 |
| 2nd Low | 1.33882 |
| 3rd Low | 1.33344 |
1.35865 – 1.35928 – 1.34523 – 1.35508 – 1.33906 – 1.33882
Trading Signals: FOREX – GBP – GBP/USD – USD – Bullish Engulfing