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FX.co ★ GBPUSD analsysis for November 21, 2022 - Range play

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Forex Analysis:::2022-11-21T09:00:02

GBPUSD analsysis for November 21, 2022 - Range play

Technical analysis:

GBPUSD analsysis for November 21, 2022 - Range play

GBP/USD has been trading sideways at the price of 1.1815 and there is potential for rejection of the breakout play.

Trading recommendation:

In case of the rejection of the support at 1.1720, there is potential for the upside movement towards 1.1950

In case of the downside breakout of the support at, I see potential for the downside movement towards 1.1375

Analyst InstaForex
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