empty
 
 

07.11.201917:47 Forex Analysis & Reviews: November 7, 2019 : GBP/USD Intraday technical analysis and trade recommendations.

Exchange Rates 07.11.2019 analysis

Few weeks ago, Bullish advancement was demonstrated towards 1.2800 then 1.3000 shortly after the neckline of the depicted Double-Bottom pattern (1.2400-1.2415) was breached to the upside.

Since October 21, the GBP/USD pair has failed to achieve a persistent bullish breakout above the depicted SUPPLY-zone (1.2980-1.3000) which corresponds to a previous Prominent-TOP that goes back to May 2019.

Moreover, the depicted ascending wedge reversal pattern has been confirmed indicating a high probability of bearish reversal around the price levels of 1.2950-1.2970.

That's why, a quick bearish movement was anticipated towards 1.2780 (Key-Level) where some bullish recovery was recently initiated on October 24.

The recent Bullish rejection around the price levels of 1.2780, indicated another temporary bullish movement towards 1.2980-1.3000 where another long-term bearish swing was initiated as expected.

Today, signs of bullish recovery have been demonstrated around 1.2780. The short-term outlook remains bearish as long as consolidations are maintained below 1.2850.

On the other hand, a quick bearish breakout below 1.2780 should be achieved to enable further bearish decline towards 1.2600-1.2650 where some bullish recovery should be anticipated.

Trade Recommendations:

Intraday traders can look for valid SELL entries when bearish closure below 1.2780 is achieved. Expected Bearish target is projected towards 1.2650-1.2650.

*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.

Benefíciese de las recomendaciones de los analistas ahora mismo
Recargue su cuenta de operaciones
Abra una cuenta de operaciones

¡Los informes analíticos de InstaForex lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaForex, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.




  • Opere de forma inteligente, gane un dispositivo
    Recargue su cuenta con al menos $500, regístrese en el concurso y tenga la oportunidad de ganar dispositivos móviles.
    UNIRSE AL CONCURSO
  • Ferrari de InstaForex
    Recargue su cuenta con al menos $1000
    únase al concurso y gane un Ferrari
    F8 Tributo
    UNIRSE AL CONCURSO
  • Depósito al azar
    Deposite su cuenta con $3000 y gane $1000
    UNIRSE AL CONCURSO
  • 100% de bonificación
    Su oportunidad única de obtener un bono del 100 % en su depósito
    OBTENER BONO
  • 55% de bonificación
    Solicite un bono del 55% en cada depósito
    OBTENER BONO
  • 30% de bonificación
    Reciba un bono del 30% cada vez que recargue su cuenta
    OBTENER BONO
¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.