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Bullish Tone

GBPUSD TECHS
  • RES 4: 1.3357 High Sep 3
  • RES 3: 1.3319 High Sep 4
  • RES 2: 1.3312 High Nov 11 and the bull trigger
  • RES 1: 1.3228 High Nov 12
  • PRICE: 1.3186 @ 10:41 GMT Nov 13
  • SUP 1: 1.3106 Low Nov 12
  • SUP 2: 1.3093 Low Nov 6
  • SUP 3: 1.3008 50-day EMA
  • SUP 4: 1.2911 Low Nov 3

GBPUSD started the week on a strong note following last week's gains and remains bullish despite the recent corrective pullback. The pair earlier this week breached key resistance at 1.3177, Oct 21 and Nov 6 high. This keeps the recovery that started on Sep 23 intact. The bull trigger is at 1.3312 where a break would open 1.3357, Sep 3 high. On the downside, support lies at 1.3093, Nov 6 low.

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