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11.11.201915:23 Forex Analysis & Reviews: GBP/USD 11.11.2019 - The breakout of the Pitchfork downward channel, GBP is aproaching our main target at 1.29870

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GBP has been trading upwards exactly what I expected last week. The price is on the way to reach our main target at 1.2970. Momentum is strongly bullish and you should focus on buying on the dips and moving stop loss on the breakeven from our recent long entry.

Exchange Rates 11.11.2019 analysis

The price did break the upper Pitchfork trend line and confirm further upside continuation from the larger time-frame traders.

Resistance levels are set at the price of 1.2970 and 1.3000. Support level is set at 1.2830.

Petar Jacimovic
Analytical expert of InstaForex
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