GBP/USD – 1H – BUY
Correction of the major bearish trend broke through the Fibonacci 0-Level.Continuation of the current ascending trend is certain. Target of the current trend is 1.30832548 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the resistance line at 1.30934 should always be considered.
Please make appropriate stop-loss settings in the case of a trade.
Support & Resistance | Price Range* |
---|---|
3rd High | 1.31340 |
2nd High | 1.31133 |
Next High | 1.30934 |
Current Price | 1.30556 |
Next Low | 1.30551 |
2nd Low | 1.30019 |
3rd Low | 1.29743 |