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.


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.


The material has been provided by InstaForex Company -

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