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Bitcoin Price (BTCUSD) Forecast – November 7, 2024

Bitcoin (BTC) has recently experienced a decline, testing the previously breached resistance level of its bullish channel. For the cryptocurrency to maintain its upward...
HomeLatestGBP/USD Price Forecast – November 7, 2024

GBP/USD Price Forecast – November 7, 2024

The GBP/USD pair is showing a bullish bias as it tests the 50-period Exponential Moving Average (EMA), which is acting as a strong resistance level. The pair is expected to resume its bearish trend if it breaks below the $1.2866 support, potentially extending the corrective move towards the $1.2735 level.

The bearish outlook will remain intact unless the price breaks above $1.3000 and sustains above that level.

For today, the expected trading range is between support at $1.2820 and resistance at $1.2980.

Trend Outlook: Bearish

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