GBP/USD – 1H – BUY
Correction of the major bearish trend broke through the Fibonacci 0.24-Level.Continuation of the current ascending trend is certain. Target of the current trend is 1.275845 at the Fibonacci level 0.5-Level. Caution: A possible change in the direction of resistance at 1.28070 is also possible.
Consider stop-loss settings accordingly.
Support & Resistance | Price Range* |
---|---|
3rd High | |
2nd High | 1.28600 |
Next High | 1.28070 |
Current Price | 1.27131 |
Next Low | 1.26593 |
2nd Low | 1.26569 |
3rd Low | 1.26448 |