GBP/USD – 1H – BUY
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend is likely expected. Target of the current trend is 1.311995 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of resistance at 1.31110 is also possible.
Consider stop-loss settings accordingly.
Support & Resistance | Price Range* |
---|---|
3rd High | 1.32656 |
2nd High | 1.32380 |
Next High | 1.31110 |
Current Price | 1.30798 |
Next Low | 1.30019 |
2nd Low | 1.29743 |
3rd Low | 1.29398 |