The GBPUSD gets negative signal - Analysis - 17-11-2023
Economies.com
2023-11-17 04:05AM UTC
The GBPUSD pair settles below 1.2460 level, witnessing signs of forming double top pattern that we are waiting to push the price to achieve the expected decline for the upcoming period, which its next main target located at 1.2297.
On the other hand, we notice that stochastic overlaps negatively now to motivate the price to resume the suggested negative trades, taking into consideration that breaching 1.2460 will stop the expected decline and lead the price to recover again.
The expected trading range for today is between 1.2320 support and 1.2460 resistance.
The expected trend for today: Bearish
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