GBP/USD – 1H – SELL
Correction of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend will continue. Target of the current trend is 1.30875 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of the support line at 1.32380 could be enabled.
In case of a trade, appropriate stop-loss settings should be considered.
Support & Resistance | Price Range* |
---|---|
3rd High | |
2nd High | 1.32656 |
Next High | 1.32380 |
Current Price | 1.31151 |
Next Low | 1.31095 |
2nd Low | 1.31006 |
3rd Low | 1.30875 |