We're short for now | 13 November 2023

13 November 2023, GBP/USD

We're short for now Durimg the previous week, the British pound made a drastic pull back to the lowerside and is still pretty much bearish. As it is right now, we are looking forward to a possible bearish rally and may see the price crash towards the lower trendline, if this trendline is broken, then further momentum to the lowerside is expected with the next ideal target set around 1.20080 and may continue much lower. If the price rebounds from the lower trendline, then we are going to see a rally to the upperside.

Trade Recommendations.

We're short for now

Bob Stan
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