GBP/ USD ! 11/4! Resistance H1 SELL NOW ! not NEWS

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GBP/USD trend forecast November 4, 2024

The GBP/USD pair rises to around 1.2970 during Monday’s Asian session, aided by a weaker US Dollar (USD). The USD faces pressure after October's soft US Nonfarm Payrolls (NFP) data, supporting the pair's gains. Following a 50 bps rate cut in September that initiated the easing cycle, the US Federal Reserve (Fed) is expected to lower rates by 25 bps in its November meeting, with markets assigning a 97% probability to this move. The Dollar weakens as traders prepare for the US presidential election and the Fed’s rate decision this week.

There was no USD and GBP news data at the beginning of the week, the price recovered and hit the H1 resistance, along with the 2nd GAP. DOWN to fill liquidity, stabilize the price trend during the week.

/// SELL GBP/USD : zone 1.29970 - 1.30200

SL: 1.30500

TP: 60 - 120 - 200 pips (1.28200)


Safe and profitable trading

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تم فتح الصفقة

Green profits started - prices started to fall

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تم حذف الأمر

+ 20 pips profit signal SELL GBPUSD( 1.29970 - 1.30200)

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أغلقت الصفقة: تم الوصول للهدف

+ 30 pips profit signal SELL GBPUSD( 1.29970 - 1.30200), nice SELL

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تم فتح الصفقة

+ 45 pips profit signal SELL GBPUSD( 1.29970 - 1.30200), amazing