GBPUSD 11.2.2026
Overall Trend:
The pair is trading in a corrective bearish phase following a sharp rally, struggling to hold above recent supply.
Technical Outlook:
The 1.3620–1.3640 zone is a key balance area. Trading below it keeps downside pressure active, with major support near 1.3520.
Scenarios:
– Corrective bounce: A hold above 1.3640 could trigger a move toward 1.3735.
– Bearish continuation: Rejection from current levels may send price back to 1.3520, then 1.3350.
Conclusion:
Bias remains cautious, with rallies viewed as corrective unless resistance is clearly broken.
*Risk Disclaimer: Point Trader Group will not accept liability for any loss or damage as a result of reliance on the provided information.
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