FX.co - GBP/USD analysis for November 30, 2023 - Potential for the breakout mode

2023-11-30T08:31:41

Relevance until2023-12-01

Technical analysis:

GBP/USD analysis for November 30, 2023 - Potential for the breakout mode

GBP/USD has been trading sideways at the price of 1.2693 and I found consolidation in progress and potential for the breakout mode.

In case of the downside breakout of the support at 1.2650, there is the chance for the downside movement towards 1.25553

In case of the upside breakout of the resistance at 1.2735, there is the chance for the rally towards 1.2810

RSI oscillator is flat around 50 level, which is sign of the indecision.

*The market analysis posted here is meant to increase your awareness, but not to give instructions to make a trade

Analytical expert

Petar Jacimovic

FX.co ★ GBP/USD analysis for November 30, 2023 - Potential for the breakout mode