GBPUSD - LONG TERM OPPORTUNITY OF BUY, BULLS ARE GAIN POWER
The forecast for the GBP/USD currency pair for the upcoming week shows a mixed sentiment among experts. According to the FXStreet Forecast Poll, while some anticipate the GBP/USD pair to continue to trade around the current levels, others foresee a short-term bearish trend with the one-week average target aligning at 1.2464. However, there is also a belief that the pair may be near a bottom and could potentially undergo a recovery in the coming weeks, with the one-week average slightly below 1.2300.
For specific numbers, one prediction for Monday, November 20, is an exchange rate of 1.226 dollars, with a maximum of 1.244 and a minimum of 1.208. On Tuesday, November 21, the forecast exchange rate is 1.221 dollars, with a maximum of 1.239 and a minimum of 1.203.
The closing price of GBP/USD on Friday, November 17, 2023, was 1.2415 dollars after reaching a high of 1.2442 and a low of 1.2376 during the trading day.
In the macro scenario, a bearish trend is observed, but on the micro level, one can take advantage of a bullish trend.
Keep in mind that currency markets are influenced by a multitude of factors including economic data, political events, and market sentiment, and thus forecasts can change rapidly. It's always good to stay updated with the latest market analyses from multiple sources
THIS IS MY TWO IDEAS
https://drive.google.com/file/d/1oHtJWv-QZFG83XKJi__wG0kDAottFdNW/view?usp=drive_link
https://drive.google.com/file/d/1CI-xKPPwuX1-WxgvSfQGabr0kYiynTvc/view?usp=drive_link
For specific numbers, one prediction for Monday, November 20, is an exchange rate of 1.226 dollars, with a maximum of 1.244 and a minimum of 1.208. On Tuesday, November 21, the forecast exchange rate is 1.221 dollars, with a maximum of 1.239 and a minimum of 1.203.
The closing price of GBP/USD on Friday, November 17, 2023, was 1.2415 dollars after reaching a high of 1.2442 and a low of 1.2376 during the trading day.
In the macro scenario, a bearish trend is observed, but on the micro level, one can take advantage of a bullish trend.
Keep in mind that currency markets are influenced by a multitude of factors including economic data, political events, and market sentiment, and thus forecasts can change rapidly. It's always good to stay updated with the latest market analyses from multiple sources
THIS IS MY TWO IDEAS
https://drive.google.com/file/d/1oHtJWv-QZFG83XKJi__wG0kDAottFdNW/view?usp=drive_link
https://drive.google.com/file/d/1CI-xKPPwuX1-WxgvSfQGabr0kYiynTvc/view?usp=drive_link
Wilmer Blasini
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