GBP/USD – 30M – BUYThe combination breaks through the descending trendline up.
The bullish trend up to the next resistance at 1.31426 will continue.
Caution: A possible change in the direction of the support level at 1.31006 could occur.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | 1.32656 |
| 2nd High | 1.32380 |
| Next High | 1.31426 |
| Current Price | 1.31050 |
| Next Low | 1.31006 |
| 2nd Low | 1.30875 |
| 3rd Low | 1.30761 |
GBP/USD – 1H – SELLCorrection 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 |
GBP/USD – 30M – SELLCorrection of the major bullish trend broke through the Fibonacci 0.79-Level.Continuation of the current descending trend is certain. Target of the current trend is 1.31006 at the Fibonacci level 1-Level. Caution: A possible reversal of the trend in the direction of support at 1.32380 could be enabled.
Please make appropriate stop-loss settings in the case of a trade.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.32656 |
| Next High | 1.32380 |
| Current Price | 1.31291 |
| Next Low | 1.31095 |
| 2nd Low | 1.31006 |
| 3rd Low | 1.30875 |
GBP/USD – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1.31693 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of the resistance zone 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 | 1.31375 |
| Next Low | 1.31095 |
| 2nd Low | 1.31006 |
| 3rd Low | 1.30875 |
GBP/USD – 1H – BUYCorrection of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend is considered certain. Target of the current trend is 1.316275 at the Fibonacci level 0.5-Level. Caution: A possible reversal of the trend in the direction of the resistance level at 1.32380 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.32656 |
| Next High | 1.32380 |
| Current Price | 1.31340 |
| Next Low | 1.31006 |
| 2nd Low | 1.30875 |
| 3rd Low | 1.30761 |
GBP/USD – 30M – BUYCorrection of the major bullish trend halted around the Fibonacci 0.7-Level.Continuation of the current ascending trend will continue. Target of the current trend is 1.31693 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance line at 1.32380 is also possible.
Consider stop-loss settings accordingly.
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.32656 |
| Next High | 1.32380 |
| Current Price | 1.31340 |
| Next Low | 1.31095 |
| 2nd Low | 1.31006 |
| 3rd Low | 1.30875 |