GBPUSD 16-11-2023

By Shady Fouad On Nov 16, 2023

GBPUSD 16-11-2023
prices are currently trending in an up-trend in the short term, testing a new support level around 1.2400 as expected. There is anticipation for a bounce back from these levels, but if there is a break below, we may witness significant declines in prices.

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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