empty
 
 
sp
Soporte
Apertura instantánea de la cuenta
Plataforma comercial
Depositar/Retirar

03.11.202215:10 Forex Analysis & Reviews: GBP/USD Technical Analysis and Trading Tips for November 3, 2022

Exchange Rates 03.11.2022 analysis

As of writing, GBP/USD is trading near 1.1250, having fallen sharply at the start of today's European trading session. Yesterday, the price broke through two important short-term support levels 1.1455 (200 EMA on the 1-hour chart), 1.1370 (200 EMA on the 4-hour chart GBP/USD), confirming the pair's return to the bear market zone.

Exchange Rates 03.11.2022 analysis

If the results of today's meeting of the Bank of England really disappoint market participants, then the GBP/USD pair risks falling even lower, heading towards the September lows and the 1.0353 mark.

The nearest support for GBP/USD is at 1.1080 (lower line of the rising channel on the daily chart), 1.0940 (local October low).

Their breakdown will confirm our assumption.

Exchange Rates 03.11.2022 analysis

In an alternative scenario, the signal for the resumption of long positions will be a breakout of the resistance level 1.1455, which can also provoke a further corrective growth of the GBP/USD up to the resistance levels 1.1640 (local October high), 1.1920 (144 EMA on the daily chart).

Further growth looks unlikely so far, while the US dollar is in the zone of highs of the last 20 years. In general, the downward dynamics of the GBP/USD remains, making short positions preferable.

Support levels: 1.1200, 1.1100, 1.1080, 1.0940

Resistance levels: 1.1370, 1.1440, 1.1455, 1.1640, 1.1900, 1.1920, 1.2150

Trading Tips

Sell by market. Stop Loss 1.1380. Take-Profit 1.1200, 1.1100, 1.1080, 1.0940, 1.0900, 1.0800, 1.0700, 1.0600, 1.0500, 1.0400, 1.0353

Buy Stop 1.1380. Stop-Loss 1.1230. Take-Profit 1.1440, 1.1455, 1.1640, 1.1900, 1.1920, 1.2150

*El análisis de mercado publicado aquí tiene la finalidad de incrementar su conocimiento, más no darle instrucciones para realizar una operación.

Jurij Tolin,
Analytical expert of InstaSpot
© 2007-2025
Benefíciese de las recomendaciones de los analistas ahora mismo
Recargue su cuenta de operaciones
Abra una cuenta de operaciones

¡Los informes analíticos de InstaSpot lo mantendrá bien informado de las tendencias del mercado! Al ser un cliente de InstaSpot, se le proporciona una gran cantidad de servicios gratuitos para una operación eficiente.

¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.