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 15
GBPUSD buyers plan to regain firmness. The GBPUSD price has been in a downtrend since July. This implies that the price has been making lower highs and lower lows.
The sellers have been stronger than the buyers, and they have pushed the price down from 1.24320 to 1.21960 at key levels. These levels are often based on historical highs and lows, or round numbers. Traders use these levels to set their entry and exit points or to place their stop-loss and take-profit orders.
GBPUSD Market Zones
Resistance Zones: 1.27940, 1.25530
Support Zones: 1.24320, 1.21960
GBPUSD Long-Term Trend: Bullish
The buyers have been weak and unable to recover their strength. They have not been able to break above the 1.24320 level, which is a strong resistance level. They need more power and momentum to overcome the sellers. The buyer therefore needs stronger confidence to pull through.
The Relative Strength Index (RSI) primarily measures the strength of buyers and sellers. It has a single line that moves between 0 and 100. The RSI line shows how strong or weak the price is. When the RSI line is above 50, it means that the buyers are stronger than the sellers. The same also goes for the sellers.
The RSI and the MFI show that the GBPUSD price is still weak and under pressure. The RSI and the MFI have not shown any sign of a reversal yet. The buyers need to see a positive spike in both indicators to confirm a change in the trend.
GBPUSD Short-Term Trend: Bullish
The GBPUSD price is still in a struggle between the buyers and the sellers. The price is not moving much, and there is no clear sign of a breakthrough. Traders should be careful and watch the price closely for any changes. A strong move above the 1.24320 level could signal that the buyers have gained control. A strong move below the 1.21960 level could signal that the sellers have gained control.
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
