The GBPUSD resumes the rise - Analysis - 21-11-2023
2023-11-21 04:10AM UTC

The GBPUSD pair resumes its positive trading after leaning on 1.2460 level, and the way is open to achieve our waited target at 1.2590, which represents 50% Fibonacci correction level for the decline measured from 1.3142 to 1.2037, which means that breaching it will extend the bullish wave to reach 1.2720 as a next correctional target.


The positive effect of the pattern that appears on the chart supports the continuation of the bullish trend domination and achieving more positive targets on the longer-term basis, reminding you that it is important to hold above 1.2460 and 1.2430 levels to continue the expected rise.


The expected trading range for today is between 1.2480 support and 1.2620 resistance.


The expected trend for today: Bullish

Forex and Currency News

GBP/USD news


BoE holds interest rates unchanged
2024-06-20 11:11AM UTC
The Bank of England voted to hold interest rates unchanged at the June 20 policy meeting for the ...
USD/CHF news


Franc is worst performing major currency after SNB surprise
2024-06-20 09:29AM UTC
The Swiss franc tumbled in European trade on Thursday away from three-month highs against the US ...
GBP/USD news


Sterling moves in a negative zone ahead of BOE's decisions
2024-06-20 08:32AM UTC
Sterling fell in European trade on Tuesday against a basket of major rivals, moving in a negative ...

Forex Technical Analysis

GBP USD Analysis


The GBPUSD forecast update 21-06-2024
2024-06-21 09:19AM UTC
GBPUSD Price Analysis Expected Scenario The GBPUSD price provided clear negative trades ...
EUR USD Analysis


The EURUSD price forecast update - 21-06-2024
2024-06-21 09:19AM UTC
EURUSD Price Analysis Expected Scenario The EURUSD price managed to touch our first ...
Technical Analysis


The AUDCAD ends the bullish rally – Forecast today – 21-6-2024
2024-06-21 07:52AM UTC
AUDCAD Price Analysis Expected Scenario The AUDCAD price confirmed ending the bullish ...