GBP/USD – 30M – SELL
The combination breaks through the descending trendline upwards
The bullish trend upwards to the next resistance level at 1.25043 is considered certain.
Caution: A possible reversal of the trend in the direction of support at 1.24680 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Correction of the major bearish trend halted around the Fibonacci 0.24-Level.Continuation of the current descending trend is considered certain. Current target is 1.2468 at the Fibonacci level 0-Level. Caution: A possible reversal of the trend in the direction of support at 1.25043 is within the realm of possibility.
Please make appropriate stop-loss settings in the case of a trade.
Support & Resistance | Price Range* |
---|---|
3rd High | 1.25706 |
2nd High | 1.25644 |
Next High | 1.25043 |
Current Price | 1.24953 |
Next Low | 1.24680 |
2nd Low | 1.24666 |
3rd Low | 1.24657 |