GBP/USD – 1H – SELL
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is likely expected. Target of the current trend is 1.30219 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of the support level at 1.30934 could occur.
Consider stop-loss settings accordingly.
Support & Resistance | Price Range* |
---|---|
3rd High | 1.31340 |
2nd High | 1.31133 |
Next High | 1.30934 |
Current Price | 1.30479 |
Next Low | 1.30416 |
2nd Low | 1.30219 |
3rd Low | 1.30019 |