GBP/USD – 30M – BUY
The currency pair breaks through the bearish trendline upwards
A bullish movement up to the next resistance line at 1.31051 will persist.
Caution: A possible counter-trend in the direction of the support level at 1.30599 should be noted.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend broke the Fibonacci 0.24-Level.Continuation of the current ascending trend will persist. Current target is 1.30842 at the Fibonacci level 0.5-Level. Caution: A possible counter-trend in the direction of the resistance level at 1.31051 should be noted.
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 | 1.31051 |
Current Price | 1.30720 |
Next Low | 1.30599 |
2nd Low | 1.30551 |
3rd Low | 1.30321 |