GBP/USD to head back lower towards the 1.3300/3250 zone – SocGen

Market news

16 November 2021

GBP/USD to head back lower towards the 1.3300/3250 zone – SocGen

GBP/USD stays on recovery trail. Nevertheless, economists at Société Générale do not see any meaningful upside for the pair as expect the cable to turn back lower towards 1.33.

Bounce limited

“GBP/USD has staged an initial rebound from 1.3350, however, as long as daily Kijun line at 1.3600 is not crossed, the down move could persist.”

“The pair could drift towards projections of 1.3300/1.3250 and 1.3135.”

Currencies. Daily history for Tuesday, November 16, 2021

Commodities. Daily history for Monday, November 15, 2021

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