empty
 
 
08.11.2024 06:55 AM
Forecast for GBP/USD on November 8, 2024

On Thursday, the British pound climbed back to the target level of 1.2994, likely driven by the influence of a double convergence. The Marlin oscillator almost reached the zero line, but the price fell short of reaching the Tuesday-Wednesday highs. This indicates a weakening of bullish momentum.

This image is no longer relevant

If the price consolidates above 1.2994 and the oscillator moves into positive territory, the pound could advance towards 1.3080 or higher.

This image is no longer relevant

The four-hour chart highlights the current uncertainty in price action. The price is caught between the MACD Line and the resistance level at 1.2994. However, a clear technical solution emerges: Consolidation above 1.2994 could lead to an advance toward 1.3080. Conversely, a move below the MACD Line (1.2947) opens the door for a retest of 1.2859.

এখন কথা বলতে পারবেন না?
আপনার প্রশ্ন জিজ্ঞাসা করুন চ্যাট.