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GBPUSD November in the Spotlight

FX:GBPUSD   British Pound / U.S. Dollar
USA presidential election brought some volatility to the market from the start of this month. More is expected as the count of the ballots continues.
The price seems to have created an uptrend channel and could trade inside through November and December. It also reached for a second time the 0.618 area on our Fibo chart.
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Trade active: The price came closer to the upper limit of the channel and could repeat the move tomorrow.
Trade active: The price almost reached the upper limit of the channel.
Trade active: The price made a double top on the upper limit on M15. The bulls are still strong, but could bears hope for a reversal?
Trade active: The upper limit was breached.
Trade active: The pair gives signs of a strong reversal.
Trade active: Have we witnessed a retracement today? Are we headed downwards?

Comments

thanks for sharing! this is what I see on GBPUSD :
+2 Reply
Good work
+1 Reply
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