2024-11-10 19:23
IndustryWeekly Outlook: GBP/USD Bearish Trend
1. Key Resistance Level: 1.2894 is a major resistance level. If the price meets resistance here, it may continue its downtrend.
2. Support Levels: 1.287, 1.283, and 1.289 are potential downside targets where the price may find temporary support.
3. Investor Advice: The overall trend is bearish. Retail investors are advised to look for short opportunities near the resistance level and to gradually take profits around the support zones.
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Weekly Outlook: GBP/USD Bearish Trend
Hong Kong | 2024-11-10 19:23
1. Key Resistance Level: 1.2894 is a major resistance level. If the price meets resistance here, it may continue its downtrend.
2. Support Levels: 1.287, 1.283, and 1.289 are potential downside targets where the price may find temporary support.
3. Investor Advice: The overall trend is bearish. Retail investors are advised to look for short opportunities near the resistance level and to gradually take profits around the support zones.
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