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Daily Technical Analysis & Recommendations - GBPUSD - 31st October, 2022

gm October 31, 2022

 Daily Technical Analysis & Recommendations - GBPUSD - 31st October, 2022


Daily Technical Analysis & Recommendations - GBPUSD - 31st October, 2022




Daily Technical Analysis & Recommendations - GBPUSD - 31st October, 2022



(Fed & BoE) Rate Hike Decision will be crucial to influencing. 

Cable's next price direction while the US (NFP) will be also closely watched.

GBPUSD next Target 1.1724.

US ADP Non-Fam & BOE Official Bank Rate Data Awaited. 

We must stay on upward side.


Recommendation: Stay in baying Target 1.1724, Stop loss will be 1.1397. 

Alternative Scenario: Below 1.1397 will turn intraday neutral First.


Naveed Anjum

Tags:
gm

Posted by: gm

Currently working as Senior Analyst in Tijarat Network, a leading provider of in depth market analysis, research and trade recommendations for Forex, Stock, Indices and Commodities. Tijarat Network where analysts sit together, analyze technical and fundamental factors, conclude market direction and then issue analysis and forecast regarding where they believe the markets are heading. Elliott Wave Theory is a major factor that contribute in financial forecast. We value our reputation and always fulfill our obligations toward clients and partners.

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