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GBPUSD 03.11.2025
Overall Trend:
Cable is hovering around a notable demand area near 1.3135–1.3160 after a sharp decline. Consolidation above this zone could allow for a corrective rebound, but the broader picture stays bearish unless price can reclaim the 1.3250 area.
Expected Scenario:
Bullish: A clear bounce from the 1.3135–1.3160 band may fuel a move toward 1.3200, with further upside toward 1.3251 and 1.3265 if that level breaks.
Bearish: A clean break and close below 1.3135 would reinforce the downtrend, opening the door to 1.3100 and potentially 1.3050.
Key Levels:
Resistance: 1.3200 – 1.3251 – 1.3265
Support: 1.3160 – 1.3135 – 1.3100 – 1.3050
*Risk Disclaimer: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.
