The currency pair moves from the bearish trendline down.
A continuation of the bearish trend down to the next support at 1.33741 is likely expected.
Caution: A possible trend reversal in the direction of the resistance line at 1.34227 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Correction of the major bullish trend broke the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Current target is 1.338375 at the Fibonacci level 0.5-Level. Caution: A possible trend reversal in the direction of the support level at 1.34227 is within the realm of possibility.
In case of a trade, appropriate stop-loss settings should be considered.
Support & Resistance |
Price Range* |
3rd High |
1.34336 |
2nd High |
1.34271 |
Next High |
1.34227 |
Current Price |
1.33974 |
Next Low |
1.33741 |
2nd Low |
1.33656 |
3rd Low |
1.33598 |
Download GBP/USD Signal Image
Trading Signals: FOREX – GBP – GBP/USD – USD