Forex analysis review
Forex analysis review Trading plan for the GBP/USD pair for the week of November 29 - December 3. New COT (Commitments of Traders) report. The Posted: 26 Nov 2021 11:47 PM PST Analysis of GBP/USD 24-hour TF. The GBP/USD currency pair continued its steady decline during the current week. If the euro currency significantly adjusted on Friday, then the pound sterling did not. It turns out that traders have not found any grounds for correction for the pound. And this is quite strange since it is the pound sterling that has been declining much less willingly than the euro in recent months. Nevertheless, the pound is also maintaining a downward trend, which is visible to the naked eye. However, the general movement is again not as strong as in the euro. In total, the pound/dollar pair did not adjust against the global upward trend of 2020 even by 38.2%. And the euro/dollar adjusted by more than 61.8%. Thus, we still believe that the British currenc...