GBP/USD – 4H – BUY
The currency pair breaks through the descending trendline upwards
A bullish ascent upwards to the next resistance level at 1.24840 will continue.
Caution: A possible trend reversal in the direction of the support level at 1.22998 is also possible.
Consider stop-loss settings accordingly.
Support & Resistance | Price Range* |
---|---|
3rd High | 1.28032 |
2nd High | 1.27088 |
Next High | 1.24840 |
Current Price | 1.24518 |
Next Low | 1.22998 |
2nd Low | |
3rd Low |