GBPUSD Daily Forecast Nov 20 2018

Pound - dollar - 689875

GBPUSD: Bearish Despite Hesitation!

As long as 1.3029 resistance holds on a daily closing basis, the GBPUSD remains on the downside. Support comes at 1.2722 level ahead of 1.2626 level, A halt is likely but a cut below support aims 1.2500 level, further down, support comes at 1.2375 level.

On the upside, resistance comes at 1.2876 level, above that level (daily closing basis) sees recovery threats to 1.3029 before another fall. A break will turn the focus on 1.3150 level.

Conclusion: The GBPUSD sees downside threats below 1.3029 levels.

Support: 1.2722, 1.2625, 1.2500, 1.2375

Resistance: 1.2875, 1.3029 ( main), 1.3150, 1.3275

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