GBPUSD Daily Forecast Nov 30 2018

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Pound -659865

GBPUSD: Consolidates With Downside Bias…

As long as 1.2845 resistance holds on a daily closing basis, the GBPUSD remains neutral with risk to the downside. Support comes at 1.2670 level. A halt is likely, it may test 1.2740 before attempts breaking below 1.2670. However; below 1.2670 aims 1.2600 level, further down, support comes at 1.2525 level.

On the upside, resistance comes at 1.2845 level. Above that level sees recovery threats to 1.2926/1.3029 before another fall. Above 1.3026 will extend the corrective recovery to 1.3122 level.

Conclusion: The GBPUSD sees downside threats below 1.2823 levels.

Support: 1.2724, 1.2670, 1.2525, 1.2465

Resistance:1.2845, 1.2926, 1.3029 , 1.3122

Key data/events which may affect GBPUSD today:

U.S President Donald Trump and his Chinese counterpart Xi Jinping are due to meet on the sidelines of the G20 conference in Buenos Aires.

GBPUSD Daily Forecast Nov 30 2018

MARKET DATA

UPCOMING ECONOMIC EVENTS