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GBP/USD - Technical analysis of the GBP/USD currency pair on November 24

GBP/USD - Technical analysis of the GBP/USD currency pair on November 24

With the opening of trading in Asia on Wednesday, this currency pair is trading with a decrease in quotations, remaining within the current support level at 1.3363 and the resistance level at 1.3453, where the market chart progresses below exponential moving averages with a period of 21 and 55 days, demonstrating the advantage of sellers in this market in the short term.

On the four-hour chart, the moving averages have accelerated and continue to move downwards, increasing the divergence, which indicates the strengthening of bears in this market in the short term.

The technical picture also demonstrates the sellers' advantage with the strengthening of the downward potential, since the MACD histogram remains in the area below its central line, and the strength indicator of the current RSI movement has fallen below the 40 line, confirming the potential for sales in this market in the short term.

Thus, we also intend to sell this trading instrument today.

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