GBP/USD Daily Analysis – Wednesday, November

GBP/USD continued its sideways movement in a range between 1.3027 and 1.3337, and is facing 1.3337 resistance once again.

A breakout of this level could trigger further upside movement to the 1.3500 zone. Near term support is at 1.3185. Below this level could take the price back to test the 1.3027 support.

GBPUSD 4-hour chart

 

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.