Daily Technical Analysis & Recommendations - GBPUSD - 1st November, 2022

• Bulls might prefer to wait for FOMC/BoE decision before placing fresh bets. 
• ISM manufacturing PMI data eyed today. 
• GBPUSD is staying in consolidation below 1.1574, 
• Intraday bias remains bullish. 
• We must stay on upward side.

Recommendations: Stay in buying target 1.1724, Stop Loss 1.1397. 

Alternative Scenario : 1.1397 will turn intraday neutral first.

Naveed Anjum

Technical Analyst