Facebook
 
 

27.11.202005:27 Forex Analysis & Reviews: Forecast for GBP/USD on November 27, 2020

GBP/USD

The pound has been mastering the 1.3350/90 range over the past two days, yesterday it closed the day with a black candle, and this morning it is trying to get out of the range down. The price divergence with the Marlin oscillator is almost complete on the daily chart. If the negotiators from the EU and the UK put a bold end or stop the negotiation process this weekend and the scenario of a hard Brexit begins to unfold, then the nearest bearish target of 1.3050 can be achieved very quickly. The 1.3200 target along the MACD line looks like an intermediate one now, that is, there may be a slight correction from it.

Exchange Rates 27.11.2020 analysis

The four-hour chart shows that the lower limit of the 1.3350/90 range is slightly below the MACD indicator line, therefore, getting the price to settle below the level will be the first signal for a succeeding fall. The Marlin oscillator is already in the negative zone and is also with the formed divergence.

Exchange Rates 27.11.2020 analysis

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

Laurie Bailey,
Analytical expert
InstaForex Group © 2007-2021
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.

Can't speak right now?
Ask your question in the chat.