GBPUSD Weekly Forecast Nov 26 2018

Pound - dollar - 689875

GBPUSD: Bearish, Eyes The 1.2615 level…

As long as 1.2926 resistance holds on a weekly closing basis, the GBPUSD remains on the downside in the medium-term forecast. Support comes at 1.2763 level, a cut would open 1.2615 level. A halt is likely, it may test 1.2763 before a lower leg below 1.2615 level, however; losing the key support 1.2615 will extend losses to 1.2433 level, further down, support comes at 1.2185 level.

On the upside, resistance comes at 1.2926 level (main), above 1.2926 sees a recovery threats to 1.3088/1.3175 levels before another fall.

Conclusion: The GBPUSD sees downside threats below 1.2926 levels.

Support:1.2763, 1.2615, 1.2433, 1.2185

Resistance:1.2926, 1.3088, 1.3175, 1.3297