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GBPUSD 15-11-2023

Technical Analysis
By Shady Fouad
0 30


GBPUSD 15-11-2023
The price signals have indicated a potential shift in the short-term trend from bearish to bullish. This vision was confirmed with the break of the resistance level at 1.2380 . Prices may test the new support level within the range of 1.2400. However, if prices break above yesterday’s highs within the range of 1.2505, we may see a continuation of the upward trend.

Support

 1.2415 1.2375 –
Resistance 1.2640 1.2670

–
Shady Fouad

Shady Fouad is a technical analyst at LDN Company
Shady's strategic vision in the currency markets is reinforced by more than fifteen years of trading experience, which enables him to blend economic and technical analyzes with high efficiency, and find the best investment ideas for traders.

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