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GBPUSD Technical Analysis And Forecast November 10th

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This article is published in collaboration with Scutify, where you can find real-time markets and stock commentary from Robert Marcin, Cody Willard and others. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

During Asia session; US dollar stalled its recovery mode and consolidated yesterday's sharp-sell-off.

Brexit minister David Davis said in a statement late-Thursday, via Reuters, the UK government would use legislation to fix the time and date of the country's exit from the EU's membership.

Today, UK manufacturing and industrial production data will be released. The UK data is expected to have a major impact on the GBP markets, as it's the first significant macro release for this week. Meanwhile, we can see the slowing volumes and irregular volatilityas the US traders will be away on an extended weekend, in observance of Veterans Day.

GBPUSD Technical Analysis:

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This article was written by Emre Tutucu for http://www.fxters.com/gbpusd-technical-analysis-forecast-november-10th/ on .

This article published in collaboration with Scutify, the best app for traders and investors. Download the Scutify iOS App, the Scutify Android App or visit Scutify.com.

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