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Forex Analysis & Reviews: Technical Analysis of Daily Price Movement of Major Currency Pair GBP/USD Tuesday 29 November 2022.
time 29.11.2022 06:18 AM
time Relevance up to, 04.12.2022 03:21 AM

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Currently, on the daily chart, Cable seems to be moving up a rally where this has also been confirmed by the triggering of the three Wiseman signals from this major currency pair, even though currently GBP/USD is undergoing a small correction and is stuck in the Daily Bullish Fair Value Gap area (green box), but GBP/USD still has the potential to appreciate upwards to the level of 1.2296 - 1.2300. However, due to the emergence of the Rising Wedge pattern, we need to be careful if there is a downward correction movement, especially if the decline exceeds the 1.1740 level because if the Cable manages to break below the level With that said, the upward rally scenario described earlier will cancel by itself.

(Disclaimer)

GBPUSD
Great Britain Pound vs US Dollar
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