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GBPUSD Daily Forecast: November 10

Wednesday, November 9, 2016 18:25
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(Before It's News)

GBPUSD Forecast
The GBPUSD attempted to push higher yesterday topped at 1.2546 but whipsawed to the downside and hit 1.2351 in a volatile market on US election day which put Donald Trump in the White House. The bias is neutral in nearest term but as long as stay above 1.2330 price is still in a bullish phase. Immediate resistance is seen around 1.2450. A clear break above that area could trigger further bullish pressure retesting 1.2546. On the downside, 1.2330 remains a key support and good place to buy with a tight stop loss.

gbpusdh1

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