November 28, 2023 : GBP/USD Intraday technical analysis and significant key-levels.


In July 2023, the GBP/USD pair faced a strong resistance level near 1.3100 and started a fresh bearish movement.

Price pursued towards the price level of 1.2700 then 1.2600 support levels where the pair showed some indecision in a tight range before it could extend its decline towards the depicted price zone around 1.2060-1.2100.

A break below 1.2100 level could open the doors for more losses towards 1.1850. However, significant bullish demand has existed upon each time the market visits this price zone of 1.2060-1.2100.

On the other hand, the current bullish movement will be facing a strong challenge around the price zone of 1.2750-1.2800 where a previous consolidation range was established.

That's why, Price action should be watched cautiously for low-risk highreward bearish opportunity anywhere around 1.2800. Exit levels should be placed above 1.2890 with initial target level projected towards 1.2500.

Pentru mai multe detalii, va invitam sa vizitati stirea originala.

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