GBPUSD Weekly Forex Forecast 28th October to 3rd November by yshashmi37 on

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:

The RSI support #1 at 44 is broken, so the probability of beginning of uptrend is decreased.
A peak is formed in daily chart at 1.3255 on 10/12/2018, so more losses to support(s) 1.2775 and minimum to Major Support (1.2660) is expected.
Price is below WEMA21, if price rises more, this line can act as dynamic resistance against more gains.
Relative strength index (RSI) is 36.

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