GBP/USD: Market Update



Forex analysis


The currency pair GBP/USD has been in an upward trend with rising highs and lows since the end of September.

We expect a temporary (short) decline or sideways trend until November 27th. Around November 27th, there should be an increase and high movement until December 4th. In this scenario, we assume a price target of around USD 1,343,86.

Support is provided in the USD 1.31962 and USD 1.31064 areas.


The current hit probability (November 27th to December 4th) is around 80%.


Note:

Three special analysis methods are used within our swing trading strategy. In this article, only partial aspects were published and do not represent a complete trading system, investment advice or purchase recommendation.