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TECHNICAL ANALYSIS

We provide an up-to-date Technical Analysis reports of the forex market, metals, oil and global indices to highlight the most important expected movements on the charts.

GBPUSD 12.11.2024

Technical Analysis
Tuesday, November 12, 2024 - 11:38
Point Trader Group
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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