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

2022-11-21T09:00:02

Relevance until2022-11-22

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

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

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