15^th November 2021 Technical Analysis

GBPUSD

GBPUSD rose on Friday, and the technical bias is bearish due to lower highs in the recent downtrend.

The pair is currently trading near 1.34180，and multiple resistance levels can be seen above which may prevent the price from rising further.

Resistance level 1: 1.34250

Resistance level 2: 1.34450

Resistance level 3: 1.34700

Below the price, multiple support levels can be seen which may prevent the price from falling.

Support level 1: 1.33800

Support level 2: 1.33500

Support level 3: 1.33250

On Tuesday, the United Kingdom will release data on the number of new jobs created in August. Higher data indicate favourable to the pound, so the GBPUSD currency pair is bullish, and vice versa.

Looking at the current price trend and economic development, it may be a good trading choice to sell the GBPUSD currency pair near the current level.

EURUSD

EURUSD States fell on Friday, and the technical bias is bearish due to lower highs in the recent downtrend.

The pair is currently trading near 1.14416，and multiple resistance levels can be seen above which may prevent the price from rising further.

Resistance level 1: 1.14550

Resistance level 2: 1.14680

Resistance level 3: 1.14850

Below the price, multiple support levels can be seen which may prevent the price from falling.

Support level 1: 1.14300

Support level 2: 1.14200

Support level 3: 1.14000

On Tuesday, the Eurozone will announce the third quarter GDP data. The higher GDP growth indicates that it is beneficial to the euro, so it is bullish for the EURUSD currency pairs, and vice versa.

Looking at the current price trend and economic development, it may be a good trading choice to sell the EURUSD currency pair near the current level.