GBP/USD to suffer further falls to the 1.3300/1.3250 zone – SocGen

Market news

24 November 2021

GBP/USD to suffer further falls to the 1.3300/1.3250 zone – SocGen

GBP/USD stays depressed below 1.3400. Economists at Société Générale expect the cable to continue its move down to the 1.3300/1.3250 area.

Down move could extend

“GBP/USD rebound has petered out and it looks poised to head lower towards next projections at 1.3300/1.3250.”

“Daily Kijun line at 1.3600 is near-term resistance. This must be crossed for a meaningful rebound.”

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