The forecast for GBP / USD on November 7, 2018

GBP / USD

The British pound on Tuesday, with a gradual weakening of the dollar index, grew by 55 points under optimistic comments from the British government on work on the issue on the Irish border.

The price is growing steadily, without disturbing the balance in the direction of growth on a daily scale chart. Until the resistance of the 1.3178 trend line remains just over 30 points, this goal is likely to be achieved, but then we are waiting for a reversal from this line under the influence of the dollar, which can begin a confident strengthening after the elections to the Congress. At the moment, the Republicans are winning the elections to the Senate and the gubernatorial elections. Goals of reduction: 1.2975 - Fibonacci level of 50.0%, 1.2910 - Fibonacci level of 38.2%.

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