empty
fr
Assistance
Ouverture rapide de compte
Plateforme de trading
Déposer / Retirer

21.11.202211:19 Forex Analysis & Reviews: Technical analysis of GBP/USD for November 21-26, 2022

Trend analysis

GBP/USD will start decreasing this week, from the closing of the last weekly candle at 1.1885 to the 23.6% retracement level at 1.1628 (yellow dotted line). After that it will resume upward movement to the upper fractal at 1.2026 (yellow dotted line) and to higher price levels.

Exchange Rates 21.11.2022 analysis

Fig. 1 (weekly chart)

Comprehensive analysis:

Indicator analysis - downtrend

Fibonacci levels - downtrend

Volumes - downtrend

Candlestick analysis - downtrend

Trend analysis - uptrend

Bollinger bands - uptrend

Monthly chart - uptrend

All this points to a downward movement in GBP/USD.

Conclusion: The pair will have a bearish trend, with no first upper shadow on the weekly black candle (Monday - down) and a second lower shadow (Friday - up).

So during the week, pound will fall from 1.1885 (the closing of the last weekly candle) to the 23.6% retracement level at 1.1628 (yellow dashed line), then bounce up to the upper fractal at 1.2026 (yellow dotted line). The upward movement may continue from this level.

Alternatively, quotes could dip from 1.1885 (the closing of the last weekly candle) to the 14.6% retracement level at 1.1780 (yellow dotted line), then move up to the 85.4% retracement level at 1.2009 (blue dotted line).

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

Stefan Doll,
Analytical expert of InstaSpot
© 2007-2025
Benefit from analysts’ recommendations right now
Top up trading account
Open trading account

InstaSpot analytical reviews will make you fully aware of market trends! Being an InstaSpot client, you are provided with a large number of free services for efficient trading.

Can't speak right now?
Ask your question in the chat.
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaSpot anyway.

We are sorry for any inconvenience caused by this message.