British Pound insight analysis GBPUSD Bearish Trend November 21, 2017

British Pound insight analysis GBPUSD Bearish Trend November 21, 2017

British Pound insight analysis GBPUSD Bearish Trend November 21, 2017

  • s trading at 1.3253, with the Pound trading 0.26% higher against US Dollar
  • continues to move of the bearish Trend At this point,
  • continue the fall of the pair into the area below the level of 1.3080.

traders would keep a close watch on UK’s public-sector net borrowing data for October, slated to release tomorrow.

CURRENCY TREND GBPUSD Bearish Trend Pound Dollar GBP/USD continues to move of the bearish Trend At this point, we should expect an attempt to test the upper border of the channel near the level of 1.3280 and continue the fall of the pair into the area below the level of 1.3080.

In favor of the fall of the pair on Forex will perform a test of the resistance area on the indicator of relative strength index (RSI). The End of the fall of the Pound/Dollar will be a strong growth and breakdown at 1.3350, which will indicate the cancellation of the fall and the continuation of the pair’s growth above the level of 1.3550. Expect to accelerate the decline is with the breakdown of the lower boundary of the channel and closing below the level of 1.3000.

CURRENCY TREND GBPUSD Bearish Trend Pound Dollar GBP/USD continues to move of the bearish Trend At this point, we should expect

GBPUSD Bearish Trend

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At 10:40 GMT, the pair is trading at 1.3253, with the Pound trading 0.26% higher against US Dollar from the New York close. Going ahead, traders would keep a close watch on UK’s public-sector net borrowing data for October, slated to release tomorrow. The pair witnessed a high of 1.3279 and a low of 1.3186 during the session. On Friday, the Pound traded 0.17% higher against the US Dollar in the New York session and ended at 1.3219. Immediate downside, the first support level is seen at 1.3189, while on the upside, the first resistance level is situated at 1.3298.

DatePriceOpenHighLowChange %
Dec 12, 20171.33191.33481.33801.3304-0.15
Dec 11, 20171.33391.33921.34321.3331-0.40
Dec 08, 20171.33921.34771.35211.3355-0.61
Dec 07, 20171.34741.33911.34851.33190.60
Dec 06, 20171.33941.34421.34491.3357-0.36
Dec 05, 20171.34431.34791.34831.3370-0.27
Dec 04, 20171.34791.34791.35391.34170.04
Dec 01, 20171.34731.35251.35521.3445-0.39
Nov 30, 20171.35261.34101.35501.34050.87
Nov 29, 20171.34091.33401.34501.33390.53
Nov 28, 20171.33381.33121.33881.32210.15
Nov 27, 20171.33181.33371.33841.3310-0.14
Nov 24, 20171.33371.33091.33611.32790.20
Nov 23, 20171.33101.33251.33381.3284-0.12
Nov 22, 20171.33261.32391.33321.32140.66
Nov 21, 20171.32391.32361.32701.32110.03
Nov 20, 20171.32351.32171.32801.31840.16
Nov 17, 20171.32141.31961.32611.31700.14
Nov 16, 20171.31951.31711.32091.31350.18
Nov 15, 20171.31711.31671.32161.31310.05
Nov 14, 20171.31651.31161.31881.30750.37
Nov 13, 20171.31161.31831.31981.3062-0.57
Highest:1.3552Lowest:1.3062Difference:0.0490Average:1.3328Change %:0.9704

 
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A few currencies, like cryptocurrencies, Bitcoin, Dogecoin and other online currencies and branded currencies are not tied to any usa. Branded currencies, like airline and credit card points, or in-recreation credit are valued on the subject of the price of the products or offerings they’re tied to. Manipulate over virtual currencies is totally decentralized, and the exchange price of a virtual foreign money can vary extensively in a quick time frame.

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In almost all instances, the valuable financial institution of a rustic has the only right to problem cash for the stream. Along with a prime unit of foreign money, those banks problem fractional gadgets, usually inside the shape of cash. These normally display up as 1/100th, and 1/4th, but can at instances be as small as a 1/one thousandth of the main unit of foreign money.

Investors regularly change forex at the forex marketplace, that’s one of the maximum closely traded markets in the global. An trade price is a charge at which two currencies may be exchanged in opposition to every other. These quotes may be ‘floating’ or ‘constant’; floating being that the fee of the currency changes in terms of foreign exchange marketplace mechanisms, constant currency is presently tied to another forex like gold or a currency basket.


 

 


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