GBP/USD Faces Resistance Near $1.1865 – Update on Sell Signal

The GBP/USD is facing resistance at $1.1865, and the closing of a doji candle suggests a possible selling bias. As a result, we've opened a

Skerdian Meta•Tuesday, November 22, 2022•1 min read

GBP/USD Faces Resistance Near $1.1865 - Update on Sell Signal

The GBP/USD is facing resistance at $1.1865, and the closing of a doji candle suggests a possible selling bias. As a result, we’ve opened a sell signal below $1.1865.

On the downside, the GBP/USD pair could fall as low as $1.1810, and a further breakout could extend selling as far as $1.1780.

Today’s trading range is expected to be between 1.1750 support and 1.1920 resistance.

Today’s expected trend is bearish.

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Skerdian Meta

Lead Analyst

Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.