Price Action

Thursday, November 16 2023
GBP/USD
03:18 pm (GMT +0200)
30 minutes Timeframe

GBPUSD is trading between 1.24127 and 1.23758.  Any forceful attempt to breach the barrier at 1.23758 will push prices to find support at 1.23610 and even lower at 1.23537.  A protective stop loss at 1.24127 is highly recommended.

Should the pair manage to exceed the resistance level at 1.24127, it will eliminate the downtrend scenario, generating a buy signal.

Price Action Outlook:

Bullish
direction

Profit Levels

direction
Target 1
1.23610

direction
Target 2
1.23537

direction
Target 3
1.23389

direction
Target 4
1.23205

entry
Entry
1.23758
entry
Stop Loss
1.24127

Trend Confirmation

Momentum
direction
LWMA
direction
MACD
direction

Price Action

Thursday, November 16 2023
GBP/USD
03:18 pm (GMT +0200)
30 minutes Timeframe

GBPUSD is trading between 1.24127 and 1.23758.  Any forceful attempt to breach the barrier at 1.23758 will push prices to find support at 1.23610 and even lower at 1.23537.  A protective stop loss at 1.24127 is highly recommended.

Should the pair manage to exceed the resistance level at 1.24127, it will eliminate the downtrend scenario, generating a buy signal.

Price Action Outlook:

Bullish
direction

Profit Levels

direction
Target 1
1.23610

direction
Target 2
1.23537

direction
Target 3
1.23389

direction
Target 4
1.23205

entry
Entry
1.23758
entry
Stop Loss
1.24127

Trend Confirmation

Momentum
direction
LWMA
direction
MACD
direction