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GBPUSD Forecast And Technical Analysis Nov 8th

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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.

GBPUSD Forecast And Technical Analysis Nov 8th

After a sharp recovery from the low of 1.3109 yesterday, the GBPUSD traded in a sideways manner around 1.3170 in Asia.

GBPUSD is being priced 1.31700 currently.

10 Years yield spread is at 107.80 basis level. If it breaks out the trend line, we can see a bearish GBPUSD. And the other issue is Brexit. A good news will trigger the upside move.

Technically:

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This article was written by Emre Tutucu for http://www.fxters.com/gbpusd-forecast-technical-analysis-nov-8th/ 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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