empty
30.11.2021 07:05 AM
Trading plan for GBP/USD on November 30, 2021

A flat movement is formed on the GBP/USD pair on the third day, which indicates a balance in the number of limit buyers and sellers. It should be noted that leaving the zone with a pin will indicate further trading direction.

Today, the pair is in between two significant zones. The Weekly Control Zone 1/2 1.3283-1.3266 acts as support, which was already tested on Friday. Meanwhile, the Weekly Control Zone 1/4 1.3371-1.3363 acts as resistance.

As long as the pair is trading in a range and there is no direction, neither buying nor selling is profitable. In order to open a safe trade, it is necessary to close the day trading outside one of these zones.

This image is no longer relevant

Any of the above options will be beneficial. It is important that we can determine the further direction. If the pair continues to trade flat, it is better to look for opportunities on other instruments that are already forming growth patterns against the US dollar. The pattern of a "false breakdown" of any of the extremes will only strengthen the further movement in the opposite direction.

Samanta Kruder,
Analytical expert of InstaForex
© 2007-2025
Select timeframe
5
min
15
min
30
min
1
hour
4
hours
1
day
1
week
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST

Recommended Stories

How to Trade the GBP/USD Pair on April 24? Simple Tips and Trade Analysis for Beginners

Analysis of Wednesday's Trades 1H Chart of GBP/USD On Wednesday, the GBP/USD pair closely followed the movements of the EUR/USD pair, further confirming that the current situation hinges

Paolo Greco 05:50 2025-04-24 UTC+2

How to Trade the EUR/USD Pair on April 24? Simple Tips and Trade Analysis for Beginners

Analysis of Wednesday's Trades 1H Chart of EUR/USD On Wednesday, the EUR/USD currency pair traded in a mixed manner. During the day, the price changed direction several times, and macroeconomic

Paolo Greco 05:50 2025-04-24 UTC+2

Trading Recommendations and Analysis for GBP/USD on April 24: De-escalation or False Alarm?

On Wednesday, the GBP/USD currency pair followed the same trend as the EUR/USD pair. The British pound also plummeted sharply overnight following two statements from Donald Trump, then quickly recovered

Paolo Greco 03:16 2025-04-24 UTC+2

Trading Recommendations and Analysis for EUR/USD on April 24: Chaos in the Market Persists

The EUR/USD currency pair traded in both directions throughout Wednesday, constantly changing its trajectory. The trading day began with a price collapse following Donald Trump's announcement that he would

Paolo Greco 03:16 2025-04-24 UTC+2

GBP/USD: Trading Plan for the US Session on April 23rd (Review of Morning Trades)

In my morning forecast, I drew attention to the 1.3304 level and planned to make market entry decisions from it. Let's look at the 5-minute chart and analyze what happened

Miroslaw Bawulski 18:23 2025-04-23 UTC+2

EUR/USD: Trading Plan for the US Session on April 23rd (Review of Morning Trades)

In my morning forecast, I highlighted the 1.1412 level and planned to make trading decisions from there. Let's take a look at the 5-minute chart and analyze what happened

Miroslaw Bawulski 18:20 2025-04-23 UTC+2

How to Trade the GBP/USD Pair on April 23? Simple Tips and Trade Analysis for Beginners

Analysis of Tuesday's Trades 1H Chart of GBP/USD The GBP/USD pair declined rather significantly on Tuesday. While the pound's drop began somewhat sluggishly, in the evening, Donald Trump finally decided

Paolo Greco 06:45 2025-04-23 UTC+2

How to Trade the EUR/USD Pair on April 23? Simple Tips and Trade Analysis for Beginners

Analysis of Tuesday's Trades 1H Chart of EUR/USD The EUR/USD currency pair showed a relatively substantial decline on Tuesday. Euro quotes fell almost throughout the day, with the move intensifying

Paolo Greco 06:45 2025-04-23 UTC+2

Trading Recommendations and Analysis for GBP/USD on April 23: Has the Market Remembered Where the "Sell" Button Is?

On Tuesday, the GBP/USD currency pair showed very low volatility and a general lack of interest in trading. While the euro traded with a noticeable decline, the British pound mostly

Paolo Greco 04:29 2025-04-23 UTC+2

Trading Recommendations and Analysis for EUR/USD on April 23: Rollercoaster or Correction?

The EUR/USD currency pair traded lower on Tuesday. Once again, volatility was far from low, which might suggest the presence of significant events or news during the day. However, there

Paolo Greco 04:29 2025-04-23 UTC+2
Can't speak right now?
Ask your question in the chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.