GBP/USD - Review from 05.11.2024

Financial and commodity markets analytics


Finding support in the previously described area of 1.2800-1.2860

The GBP/USD pair moved more than 150 points. However, on Tuesday, the dollar begins with a defense amid uncertainty on the day of the U.S. presidential elections, after recent public opinion polls reduced the market's expectations of a victory for Republican Donald Trump.

Technically, the GBP/USD pair is also in the area of 1.2950-1.3100, from which it is possible to resume a decline in quotes. The target of the decline, in the event of its development, will be a retest of the range 1.2800-1.2860.