The combination breaks through the bearish trendline upwards
A bullish movement up to the next resistance at 1.30708 is likely expected.
Caution: A possible reversal of the trend in the direction of the support zone at 1.29767 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Correction of the major bearish trend broke the Fibonacci 0-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 1.30040148 at the Fibonacci level 0.24-Level. Caution: A possible reversal of the trend in the direction of the resistance zone at 1.30708 is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Support & Resistance |
Price Range* |
3rd High |
1.31028 |
2nd High |
1.30771 |
Next High |
1.30708 |
Current Price |
1.29789 |
Next Low |
1.29767 |
2nd Low |
1.29735 |
3rd Low |
1.29398 |
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Trading Signals: FOREX – GBP – GBP/USD – USD