📊TECHNICAL ANALYSIS ON 4-HOURS TIMEFRAME
The GBPUSD pair keeps its stability above 1.2590 level, thus, no change to the expected bullish trend for today, which targets 1.2720 as a next main station, reminding you that the continuation of the bullish wave conditions the price stability above 1.2590. The expected trading range for today is between 1.2520 support and 1.2680 resistance.
📊QUICK FUNDAMENTAL LOOK
Dollar fell in European trade on Friday against a basket of major rivals, extending losses for another session, almost clocking a fresh weekly loss due to weak investments, as markets price in the likelihood of another interest rate hike next month by the Federal Reserve. Investors await a batch of important US data for November, which will help determine the health of the US economy in the fourth quarter of 2024.
⚠️Warning: Trading contains elements of risk, please be careful when Making Orders, Market Recommendations are only for consideration.