GBP/USD – 1H – SELL
Correction of the major bearish trend halted around the Fibonacci 0.5-Level.Continuation of the current descending trend is considered certain. Current target is 1.2490368 at the Fibonacci level 0.24-Level. Caution: A possible counter-trend in the direction of the support line at is within the realm of possibility.
In the case of a trade, always set appropriate stop-loss settings.
Support & Resistance | Price Range* |
---|---|
3rd High | |
2nd High | |
Next High | |
Current Price | 1.25319 |
Next Low | |
2nd Low | |
3rd Low |