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23.11.202006:46 Forex Analysis & Reviews: GBP / USD pair has almost reached its main growth target. We fix some purchases.

The proximity of the target weekly control zone indicates the probability of formation of corrective or reversal patterns. A test of the 1.3381-1.3333 range will indicate a further priority at the end of November. If the reaction is the formation of the absorption pattern, then sales will come to the forefront tomorrow.

Exchange Rates 23.11.2020 analysis

Do not forget that to break the medium-term momentum, you will need to form an absorption pattern at a level no lower than D1. Without such a model, you should not expect a long drop.

The priority remains growth and consolidation above the weekly short-term limit. In order to continue to hold some of the purchases, you will need to close today's trading within the control zone or above it. This will allow you to enter a long position again in the future, although at less favorable prices.

Exchange Rates 23.11.2020 analysis

*这里的市场分析是为了增加您对市场的了解,而不是给出交易的指示。

Samanta Kruder,
Analytical expert of InstaSpot
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