The GBPUSD awaits the breach - Analysis - 30-11-2022
Economies.com
2022-11-30 04:31AM UTC
The GBPUSD pair trades within minor bearish channel that appears on the chart, and we believe it forms bullish flag pattern, as the price needs to breach 1.1995 to activate the positive effect of this pattern followed by rallying to resume the main bullish trend, which targets 1.2080 followed by 1.2200 levels as next main stations.
Therefore, we will continue to suggest the bullish trend for the upcoming period unless breaking 1.1950 and holding below it.
The expected trading range for today is between 1.1920 support and 1.2090 resistance.
The expected trend for today: Bullish
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