Thursday, November 12th, today’s news—the rally in the European and American markets caused by the vaccine news has stopped. The second wave of the pandemic is still a factor, the economy in the UK recovered slower in September than in August, the stocks of Chinese tech giants bounced back. The …
The overall trend is upward. After breaking through the support level of 47.00, the price returned back above the level (there was probably a false breakout of the level). A breakout of 48.14 will result in the formation of an ascending 1-2-3 pattern. Awesome Oscillator shows a bullish divergence, …
The pair is in a downward turn amid the “constitutional crisis” in America, and the resulting strong demand for the dollar as a safe haven currency. The pound sterling is negatively affected by the weak GDP, and the industrial production data published this morning.
Technical side:
The price is …
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