30.11.202310:31 Forex Analysis & Reviews: GBP/USD analysis for November 30, 2023 - Potential for the breakout mode

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Technical analysis:

GBP/USD has been trading sideways at the price of 1.2693 and I found consolidation in progress and potential for the breakout mode.

In case of the downside breakout of the support at 1.2650, there is the chance for the downside movement towards 1.25553

In case of the upside breakout of the resistance at 1.2735, there is the chance for the rally towards 1.2810

RSI oscillator is flat around 50 level, which is sign of the indecision.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.