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Wait | 22 November 2023

22 November 2023, GBP/USD

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Technical observation

The pair on the chart above is trading with an increasing bullish bias slightly above the supportive zone 1.2415-1.2395 and today I expect a further surge to the upper side towards the level 1.2817. If there is a rejection of at the level 1.2817, wait for another correction to the 1.2415-1.2395 to buy GBP with your take profit at 1.2817 and stop-loss at 1.2318, in case of a clear break above the level 1.2817 I expect the value of GBP to ascend further towards the key levels 1.3138 or higher, on the hand should there be a clear break below the zone I mentioned earlier, I expect the price to plummet towards 1.2060.

Trade recommendation

Remain neutral.

Imelda Maseno
Analyst of «FreshForex» company
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