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GBPUSD Weekly Forex Forecast 4th November to 10th November by yshashmi37 on TradingView.com
Midterm forecast:
While the price is above the support 1.2660, beginning of uptrend is expected.
We make sure when the resistance at 1.3300 breaks.
If the support at 1.2660 is broken, the short-term forecast -beginning of uptrend- will be invalid.
Technical analysis:
A trough is formed in daily chart at 1.2695 on 10/30/2018, so more gains to resistance(s) 1.3040 and maximum to Major Resistance (1.3300) is expected.
Price is above WEMA21, if price drops more, this line can act as dynamic support against more losses.
Relative strength index (RSI) is 49.
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