Technical Analysis: GBP/USD - Wednesday, Nov. 12
GBPUSD moved below the support of 1.3140, which could lead for a downtrend break towards 1.2850.
As we see from the chart, the market is facing a resistance zone at 1.3240-90, where if the market holds below it, the downtrend pressure could sustain toward 1.2850.
Above 1.3290, more advance could hit the market with resistances at 1.3370 and 1.3470.
| SUPPORT | RESISTANCE | |
| LEVEL1 | 1.3000 | 1.3180 |
| LEVEL2 | 1.2850 | 1.3250-60 |
| LEVEL3 | 1.2710 | 1.3380 |
More By This Author:
Intraday Analysis - Wednesday, Nov. 12Big Gold Move: More To Come?
Technical Analysis: Dow Jones - Tuesday, Nov. 11
Disclaimer: Orbex LIMITED is a fully licensed and Regulated Cyprus Investment Firm (CIF) governed and supervised by the Cyprus Securities and Exchange Commission (CySEC) (License Number ...
more
How did you like this article? Let us know so we can better customize your reading experience.
Comments
Leave a comment to automatically be entered into
our contest to win a free Echo Show.
