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GBPUSD Technical Analysis Forecast Monday, November 7, 2016

ForexZig.com November 7, 2016

GBPUSD Technical Analysis

In the preceding trading day forex currency pair GBPUSD opened at 1.24643 and closed at 1.25172.

Daily high was 1.25569 and daily low was 1.24489.

During the Asian trade the currency pair GBPUSD opened at 1.24638 and closed at 1.24679. Asian highest price was 1.24810, Asian bottom rate was 1.24608.

During the European trade the currency pair GBPUSD opened at 1.24549 and closed at 1.24784. European highest price was 1.24846, European bottom rate was 1.24489.

During the U.S. trade the pair GBPUSD opened at 1.24982 and closed at 1.25449. US high was 1.25569, U.S. bottom rate was 1.24677.

GBPUSD Monday, November 7, 2016 Daily analysis for GBPUSD

Support Resistance points for Monday, November 7, 2016

S3 S2 S1 Pivot R1 R2 R3
1.23504 1.23997 1.24584 1.25077 1.25664 1.26157 1.26744

GBPUSD Forecast

We expect short-term adjustment at -0.00798 and a long-term adjustment at -0.00584 or our prediction is downtrend and target 1.24588.

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