(13 NOVEMBER 2017)GBP / USD:Volatility declines.

(13 NOVEMBER 2017)GBP / USD:Volatility declines.

13 November 2017, 12:43
Jiming Huang
0
7
gbp

Volatility declines.

(By Yann Quelenn)

• GBP/USD is still holding below 1.32. Support is

given at 1.3027 (06/10/2017 low). Resistance area

is given around 1.3200. Expected to show further

increase.

• The long-term technical pattern is reversing.

The Brexit vote had paved the way for further

decline. Long-term support can be found at

1.1841 (07/10/2017 low). Long-term resistance

given around 1.35 is at stake and indicates a

long-term reversal in the negative trend. Yet, it is

very unlikely at the moment.

Share it with friends: