Daily Market Analysis 24|11|2020: GBPUSD

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Daily Market Analysis 24|11|2020: GBPUSD

Instrument: GBPUSD

Technical Analysis

Bullish Preference: 
A buy is envisaged if price trades above 1.33989 with take profit at 1.34089.
Bearish Preference: 
A sell is envisaged if price trades below 1.33252 with take profit at 1.33049.
USD CB Consumer Confidence 4PM

Comment: The pound is staying close to a near 12-week high against the dollar thanks to investor bets that the U.K. and the European Union will finally seal a Brexit trade deal soon. Negotiations between the two parties continue this week, racing to beat the end-of-year deadline for a deal.

Analysis: SCRUM Team

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