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GBPUSD 12.11.2024
Overall Trend: The current trend is bearish, with the price moving below significant resistance levels at 1.3244 and 1.3260, indicating increasing selling pressure in the current area.
Expected Scenario: If the price continues to decline, it may target the support level at 1.2804, and the decline could extend further.
Alternative Scenario: If the price rebounds and breaks above the resistance levels at 1.3244 and 1.3260, this could indicate the start of an upward correction toward higher levels.
Key Levels:
Resistance: 1.3244 - 1.3260
Support: 1.2804
Disclosure of risk: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.
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