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سپورٹ
فوری اکاونٹ کھولیں
تجارتی پلیٹ فارم
رقم جمع کروانا / نکلوانا

12.11.202405:19 Forex Analysis & Reviews: Forecast for GBP/USD on November 12, 2024

The double convergence on the pound's daily chart failed to materialize, and its momentum was only sufficient to keep the price within the 1.2859–1.2994 range. Now, the signal line of the Marlin oscillator has aligned with a descending channel.

Exchange Rates 12.11.2024 analysis

According to this channel, even if Marlin does not thoroughly test the lower boundary, it will still move into the oversold zone, which could correspond to a test of the 1.2612 support level. We are awaiting the daily close below 1.2859.

Exchange Rates 12.11.2024 analysis

On the four-hour chart, the price is consolidating slightly at the 1.2859 level. A confirmed break below this level will open the path toward the first target at 1.2773.

Today, employment data for the UK in September will be released. The unemployment rate is expected to rise from 4.0% to 4.1%. These figures could potentially contribute to the pound's decline.

*تعینات کیا مراد ہے مارکیٹ کے تجزیات یہاں ارسال کیے جاتے ہیں جس کا مقصد آپ کی بیداری بڑھانا ہے، لیکن تجارت کرنے کے لئے ہدایات دینا نہیں.

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