GBPUSD Weekly Forex Forecast - 26th to 30th Nov 2018

GBPUSD Weekly Forex Forecast – 26th to 30th Nov 2018

Close
Close
GBPUSD Weekly Forex Forecast - 26th to 30th Nov 2018

GBPUSD Weekly Forex Forecast – 26th to 30th Nov 2018

Instant Forex Success – Click Here

The GBPUSD bears have managed to successfully defend the key support level 1.2800. Some of the previous week losses have been recovered however, as long as we trade below the big psychological number 1.3000 the downside momentum should prevail. Only a break and a close above the big round number 1.3000 can suggest a shift in the trend direction. A break above 1.3000 can also open the door for the bulls to try and challenge the resistance level 1.3044. The stochastic indicator is already in overbought territory so we need to wait for a reset before the bulls to have another chance to take control of the price.


Thank you for your readership. We are truly grateful!

Hope that you like the strategies that we share.
If you like the strategies here, you will absolutely
love our latest strategy...

The MorningPips Trading System

The aim of Morningpips is to finish trading by the morning.
Simple as that... Check it out!


On the downside, the Bulls need to defend the previous swing low established at 1.2700. A break below will put in focus the key support level 1.2664. In terms of risk events we can’t find lots of economic data that can disrupt the market volatility. However, the EU BREXIT summit scheduled on Monday is set to give the tone for the rest of the week and it has the potential to generate trends. Other than that we can also note the Bank Stress Test Results scheduled on Tuesday.

Never miss out another good trading setup:  Powerful Price Action Scanner

Previous GBPUSD Weekly Forex Forecast


Claim Your $60 No Deposit Bonus Here

All you need is to have your live account verified!
Of course, you need to open a live account...

2 Brokers that we like A LOT!
USD30 from each Forex Broker Below.
Both Forex Brokers have excellent rating!

Broker #1

Broker #2

We use both of these brokers and proudly promote them!

NOTE: Not all countries qualify for these bonuses. Terms and Condition Applies.


Other Analysis Today
Learn and SHARE the Knowledge!
Click Here to Leave a Comment Below 0 comments

The AllPips Trend Indicator

Trading is simple when the Trend is Your Friend.
Enter Your Details Below to Download FREE Now.

envelope-o
long-arrow-down