GBP/USD – 30M – BUY
Correction of the major bearish trend broke the Fibonacci 0-Level.Continuation of the current ascending trend is considered certain. Current target is 1.31618572 at the Fibonacci level 0.24-Level. Caution: A possible trend reversal in the direction of the resistance zone at 1.31317 could happen.
Consider stop-loss settings accordingly.
Support & Resistance | Price Range* |
---|---|
3rd High | 1.33055 |
2nd High | 1.32757 |
Next High | 1.31317 |
Current Price | 1.31071 |
Next Low | 1.30916 |
2nd Low | 1.30321 |
3rd Low | 1.30316 |