03:18 pm (GMT +0200)GBPUSD is trading between 1.24127 and 1.23758. Any forceful attempt to breach the barrier at 1.23758 will push prices to find support at 1.23610 and even lower at 1.23537. A protective stop loss at 1.24127 is highly recommended.
Price Action
Thursday, November 16 2023
03:18 pm (GMT +0200)
30 minutes Timeframe
Should the pair manage to exceed the resistance level at 1.24127, it will eliminate the downtrend scenario, generating a buy signal.
Price Action Outlook:
Bullish
Profit Levels
Target 1
1.23610
Target 2
1.23537
Target 3
1.23389
Target 4
1.23205
Entry
1.23758
Stop Loss
1.24127
Trend Confirmation
Momentum
LWMA
MACD
Price Action
Thursday, November 16 2023
03:18 pm (GMT +0200)
30 minutes Timeframe
GBPUSD is trading between 1.24127 and 1.23758. Any forceful attempt to breach the barrier at 1.23758 will push prices to find support at 1.23610 and even lower at 1.23537. A protective stop loss at 1.24127 is highly recommended.
Should the pair manage to exceed the resistance level at 1.24127, it will eliminate the downtrend scenario, generating a buy signal.
Price Action Outlook:
Bullish
Profit Levels
Target 1
1.23610
Target 2
1.23537
Target 3
1.23389
Target 4
1.23205
Entry
1.23758
Stop Loss
1.24127
Trend Confirmation
Momentum
LWMA
MACD