Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
Service for copy trading. Our Algo automatically opens and closes trades.
The L2T Algo provides highly profitable signals with minimal risk.
24/7 cryptocurrency trading. While you sleep, we trade.
10 minute setup with substantial advantages. The manual is provided with the purchase.
79% Success rate. Our outcomes will excite you.
Up to 70 trades per month. There are more than 5 pairs available.
Monthly subscriptions begin at £58.
Market Analysis – November 20
GBPUSD buy traders rekindle flame as they may pose a strong threat this week. The buy traders are displaying resilience amid bearish sentiments. This week, buyers show signs of increasing their pace and determination, targeting the significant level of 1.25160. If their momentum continues to strengthen, a breach at this level could occur within the week.
GBPUSD Key Levels
Resistance Levels: 1.27940, 1.25160
Support Levels: 1.23850, 1.22000
GBPUSD Long-Term Trend: Bullish
Buyer strength has faced challenges in the GBPUSD market for months. Trace-back sellers were seen gaining dominance from July to October. Despite this, a notable attempt by bullish forces has emerged, encountering resistance from sellers. Last week, buy traders generated a robust liquidity drive, breaking through the 1.23850 significant level. However, they faced a setback as the momentum couldn’t extend beyond the 1.25160 price zone. This, however, led to a retest in the 1.23850 significant zone.
This week, buyers are showing determination for a comeback, and a breakthrough could be in their favor as momentum increases. The MACD (Moving Average Convergence and Divergence) indicates a growing pace in buy strength. Also, the Parabolic SAR (Stop and Reverse) remains on course, signaling continued buyer control.
GBPUSD Short-Term Trend: Bullish
Despite prevailing sell sentiment in the market, buyers maintain focus on making a breakthrough. On the 4-hour chart, the MACD and Parabolic SAR support the potential for increased buy strength. There could be a successful breach of the 1.25160 significant level.
You can purchase Lucky Block here. Buy LBLOCK
Note: Learn2.trade is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
