GBP/USD faces two hurdles on the way to 1.30

The GBP/USD has an upbeat start to November, thanks to optimism for a Brexit deal on financial services. Can cable reach 1.3000? Not that fast. The Technical Confluences Indicator shows that the GBP/USD faces resistance at 1.2903 where we see the convergence of the potent Fibonacci 38.2% one-week, the Pivot Point one-day Resistance 2, and the Fibonacci 38.2% one-month. Should Sterling […]

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