Forex GBP/USD Daily Video, November 24, 2023

[Sive Morten]

Good morning,

GBP hits daily XOP, but price action doesn't look bearish, showing a consolidation a kind of "energy accumulation" for further upward action. Nearest intraday target stands around 1.2585-1.26 area:

 

[Brett Reynolds]

Euro has reached 61.8 at 1.0960 and GBP will soon reach 50% at 1.2580. I think good chances of reversal next week then going into new month December. I also note that USD/CHF is oversold on Daily/weekly chart which gives strong indication of coming reversals..