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FX.co ★ Forecast for GBP/USD on November 25, 2022

Forecast for GBP/USD on November 25, 2022

The British pound was up 61 points yesterday. This is enough to turn down right now on a double divergence with the Marlin oscillator. But the price can be persistent and still reach the target level of 1.2200, the support area of September and October 2019.

Forecast for GBP/USD on November 25, 2022

Regardless of whether the price goes up or not, in order to see a reversal, the price should return below the level of 1.1940. If this happens, the first target of the movement will be the level of 1.1737.

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Forecast for GBP/USD on November 25, 2022

On the four-hour chart, the MACD line is approaching the support at 1.1940. The level receives reinforcement and technical significance. Divergence is almost ready, the price has to overcome this important support (1.1940).

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