gbp/usd:

Assalam alaikum dosto umeed karta hun ap sb khairiat se hn gy or apki trading achi jaa rhi ho ge.dear members aj ki post main hum GBPUSD ko 23 November Tuesday k lye analyse karen or ye analysis 24 november k lye bhi valid ho ga.
Daily Chart View:
Dear members pound Dollar k muqably main kafi week ha currently or dollar currency index k barhny ki waja se pound nechy gir raha.
agr daily k chart main hum GbpUsd ko dekhen to es ny aik falling wedge type channel bnaya hoa ha or ye higher highs or lower lows bnaty hovy nechy gir raha ha.
Ye apny es channel ki upper trend line ko 2 bar touch kar chuka ha or wahan se gir chuka ha.
or lower trend line ko 3 bar touch kr k support le chuka ha.
laikin currently ye apny channle ko opr se touch kr k nechy touch karny ki koshish kar raha ha or abi ye apni strong weekly support zone py thra ha ha jahan se phly b 1 bar support le kr wapis ja chuka ha.
laikin aisa lag raha ha k ye ab ki bar apni es support ko break kr jyga or nechy apni lower trend line ko touch kry ga jo k exact figure 1.32940 ha.

ye jo blue color se support zone mark kia gia ha agr gbpusd es k nechy 4 hourly candle close kr dy hum yaha se sell main beth skty hain or phr ye apny channel ki lower trend line ki trf ja skta ha.
1 hourly chart View:
dear memebrs agr hum GBPUSD ko 1hour chart main dekhen to hamen clear view milta ha or aik trend line milti ha jsko follow karty hovy Pound nechy aa raha ha or es trend line ko 3 bar touch kr k aa chuka ha jesa k picture main ap dkh skty hain.

ab es situation main 2 possiblities hain
agr to GBPUSD daily support break krta ha to hum es main sell ki entry ln gy or profit target channel ki lower trend line tk ho ga.
or agr ye yahan se support le kr opr ata ha 1 hour main apni trend line ko touch karta ha 1.33800-900 k darmyan or rejection ki confirmation hoti ha to hum es trend line se sell karen gy or 1st TP daily support py ho ga jb k 2nd TP support k breakout k bad channel ki support line ho ge
GOOD LUCK guys!

Re: Gbp/USD:

Will GBP USD go up or down?


GBP/USD Daily Outlook

Deeper decline would be seen to 1.1840 support and possibly below. But downside should be contained by 38.2% retracement of 1.0351 to 1.2445 at 1.1645 to bring rebound. On the upside, above 1.2181 minor resistance will turn intraday bias neutral first.
Will GBP get stronger against USD?


GBP/USD is forecast to reach 1.20 in March 2023, before falling to 1.18 in June 2023, to 1.16 in September 2023 and to 1.15 in December 2023. EUR/USD is predicted to reach 1.10 in March 2023, before declining to 1.08 September 2023 and holding at 1.08 in December 2023.
Why is GBP falling?


Why is the Pound Sterling falling? The recent record slump in the British currency has resulted in a crisis. The most apparent reason behind Pound's falling is the recently introduced tax cuts, among others, by the UK government.
Is GBP likely to fall?


The OECD has forecast the UK economy to shrink by 0.4% in 2023. In contrast, the US is expected to grow in 2023 by 1.8%. Based on that, you would expect the GBP/USD rate to remain weak. But things can change quickly in currency markets.