GBPUSD Weekly / Daily levels, and 3 scenarios.
We still didn't break strong double level (green + orange). If next couple weeks the price will stay above 1.59 we have good chances to test 1.6274 or even 1.6522, partial weekly cycle finished this week (03-07Nov) see green vertical line. If not we have chances to continue downtrend towards 1.5243 by end of full cycle (see red vertical line). All attention to the next couple weeks. Finally GBPUSD should not close this month below 1.58. Otherwise p…
We still didn't break strong double level (green + orange). If next couple weeks the price will stay above 1.59 we have good chances to test 1.6274 or even 1.6522, partial weekly cycle finished this week (03-07Nov) see green vertical line. If not we have chances to continue downtrend towards 1.5243 by end of full cycle (see red vertical line). All attention to the next couple weeks. Finally GBPUSD should not close this month below 1.58. Otherwise p…