Forecast for GBP/USD on November 15, 2021

The British pound gained 40 points on Friday, trying to get back above the Fibonacci level of 123.6%, which can be seen on the daily chart. Convergence has almost been formed with the Marlin Oscillator, therefore, if the price settles above the 123.6% Fibonacci level (coinciding with the September 29 low), the price may head to overcome the 100.0% Fibonacci level at 1.3571, which corresponds to the July 20 low.

analytics6191c37ecbcd3.jpg

Convergence has also formed on the four-hour timeline. After consolidating above the MACD line (1.3462), the price will start implementing its bold plan.

analytics6191c38cec648.jpg

The material has been provided by InstaForex Company - www.instaforex.com

from RobotFX
- Need a custom expert advisor?
- Try the Complex Trader EA.

Share this:

Forward
Backward