GBP/USD Weekly Forecast

Weekly Forecast (November 28 – December 2, 2022)

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 1,2041, which will be followed by reaching resistance level 1,2306.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1,2041, which will be followed by moving down to support level 1,1661 and if it keeps on moving down below that level, we may expect the market to reach support level 1,1438 and 1,1074.

Monthly Forecast, November 2022

Uptrend scenario
The uptrend may be expected to continue, while market is trading above support level 1.1438, which will be followed by reaching resistance level 1.1965 – 1.2306.
Downtrend scenario
An downtrend will start as soon, as the market drops below support level 1.1438, which will be followed by moving down to support level 1.0937 and 1.0392.

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