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03.11.202105:15 Forex Analysis & Reviews: Trading plan for GBP/USD on November 3, 2021

The GBP/USD pair closed yesterday below the defining support zone of the Weekly Control Zone 1/2 1.3661-1.3644. This allows us to consider today's growth as an opportunity to search for selling prices.

The opening level of yesterday's trading is decisive, so it can be used as the most favorable selling price for this instrument in the case of today's upward movement. The maximum correction zone is the WCZ 1/4 1.3699-1.3691. The target of the bearish impulse was the Weekly Control Zone 1.3489-1.3455. There is a 75% probability of testing these levels.

Exchange Rates 03.11.2021 analysis

It is not profitable to consider buying options, since the downward movement is a medium-term impulse, which increases the probability of repeated updates of the weekly minimum to 80%. This week's main task is to find favorable prices for sale.

*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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