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Back Technical analysis
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Back Technical analysis
GBP/USD – November 3: Geopolitical Tensions Continue to Escalate
On the hourly chart, the GBP/USD
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On the hourly chart, the GBP/USD pair continued its upward movement on Monday and consolidated above the 50.0% retracement level at 1.3404. Thus, the bulls may make another attempt today to move toward the resistance level of 1.3454–1.3469. Consolidation below the 50.0% level would favor the US dollar and a potential decline toward the 38.2% Fibonacci level at 1.3342. The market situation remains bullish. The latest completed downward wave failed to break the previous low, while the new upward
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