Hello dear friends!
Similar to the EURUSD currency pair, GBPUSD is also experiencing long-term downward pressure. Currently, this currency pair is at 1.214 and has decreased by 0.08% in the day. It is currently calm, awaiting the decision from the FOMC on November 1st.
A head and shoulders pattern may form if a left shoulder and a peak have already appeared. If this pattern is completed, the next target for GBPUSD would be an increase to 1.217, followed by a decrease to the support level of 1.21.
What do you think? Do you believe GBPUSD will increase or decrease in value? And what is your target price for this currency pair?
Similar to the EURUSD currency pair, GBPUSD is also experiencing long-term downward pressure. Currently, this currency pair is at 1.214 and has decreased by 0.08% in the day. It is currently calm, awaiting the decision from the FOMC on November 1st.
A head and shoulders pattern may form if a left shoulder and a peak have already appeared. If this pattern is completed, the next target for GBPUSD would be an increase to 1.217, followed by a decrease to the support level of 1.21.
What do you think? Do you believe GBPUSD will increase or decrease in value? And what is your target price for this currency pair?
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