GBPUSD Technical Analysis

November 10 2021

GBPUSD failed to hold above 1.3580 after testing 1.3600 and has slipped back to 1.3530, although another upside test looks possible a failure to break 1.3600 would see a deeper correction to 1.3500/1.3480 support.

Should the GBP be able to break 1.3600 we should expect further gains towards 1.3650/70 possibly 1.3700 in extension.

Remember when you trade ensure you use sensible risk management.

Published by Neil Callard

Forex Trader and Educator. 30 years trading experience, of which 20 years was market making in major currencies in large international financial institutions.

Leave a Reply

Fill in your details below or click an icon to log in: Logo

You are commenting using your account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: