FX.co ★ Daily analysis of GBP/USD for November 22, 2017

GBP/USD has been following a bullish sequence that targets the resistance zone of 1.3309, at which we could expect some pullbacks to take place in order to correct the cycle started since November 13th session. With a breakout above 1.3309 the ground will be ready to reach the 1.3360 zone. MACD indicator remains in the negative territory.

H1 chart's resistance levels: 1.3309 / 1.3360

H1 chart's support levels: 1.3143 / 1.3037

Trading recommendations for today: Based on the H1 chart, buy (long) orders only if the GBP/USD pair breaks a bullish candlestick; the resistance level is at 1.3309, take profit is at 1.3360 and stop loss is at 1.3256.