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<p>Main Scenario: Sell below 1.2150 towards 1.19, 1.18, and 1.1760 with SL above 1.22 at least 1% of account equity* Trailing Stop Applies</p><p>Alternate Scenario: Buy above 1.2155 towards 1.22 and 1.23 with SL below 1.2026 or at least 1% of account equity*. </p><p>Fundamental Scenario </p><p>The pound's gains in November added to October's 2.7% growth after Rishi Sunak replaced Liz Truss as Prime Minister, leaving behind her plans for significant unfunded tax cuts.</p><p>However, in November, GBPUSD was driven mainly by the US fundamentals that triggered the USD's corrective phase. In particular, the decline in US inflation made the Federal Reserve consider reducing the pace of rate hikes in the next meetings. The Fed Chair Jerome Powell has recently confirmed that prospect. As a result, bond yields dropped, and the dollar index experienced the deepest monthly dive since 2010. </p><p>What's on the pound's side of things? This week, the Bank of England (BoE) Chief Economist Huw Pill indicated that he expected inflation to fall "rapidly" in the second half of 2023. According to Pill, the central bank will have to keep raising interest rates to keep inflation at bay, but the borrowing costs may rise less than the market is pricing now, i.e., to 5.25%.</p><p>Although no rate change is expected at the next meeting on December 15, the BoE may increase its interest rates to 4.25% in the first quarter of 2023.</p><p class="MsoNormal">Macro scenario from Weekly chart</p><p class="MsoNormal">In November, GBPUSD achieved its biggest monthly rise since July 2020, breaking above the 1.1760 level, a supply zone from August and September that has now turned into support, so a retracement is expected towards this area in the short term as long as prices remain below 1.2155, May support.</p><p class="MsoNormal">The bullish scenario may continue in the short term if the selling zone is broken along with the 1.2155 level, targeting the July resistance at 1.2294. However, a more conservative scenario will occur after the retracement towards the 1.1760 level, from where we can expect a rebound towards the previously indicated highs with the possible breakout above 1.23. </p><p class="MsoNormal">The continuation of the annual macro bearish trend will occur when three events take place:</p><ol type="1" start="1"> <li class="MsoNormal">The decisive break of the zone around the 1.1760 level activates the bears again.</li> <li class="MsoNormal">The decisive break of the 1.1145 support and, with it, the last demand zone of September.</li> <li class="MsoNormal">Bearish force toward September support. </li> </ol><p class="MsoNormal">The RSI Indicator above the midpoint in the positive zone confirms the current bullish strength in a bullish channel, the break of which will be another sign of confirmation of the entry of the bears. </p><p class="MsoNormal">Intraday scenario from H4 chart</p><p class="MsoNormal">After Powell's speech yesterday, the pair consolidated below the 1.2155 offer zone. As long as this zone is respected, sellers will keep trying to break the 1.1940 support and cover last week's high volume concentration points between 1.1878 and 1.1808. The GBP futures volume profile 6B is very close to the critical 1.1760 zone. The bearish divergence of the RSI supports this bearish idea in the short term. </p><p class="MsoNormal">On the other hand, the bullish scenario will continue if there is a decisive break of the 1.2155 sell zone, projecting towards the next offer zone under 1.2294. Likewise, after the descent towards 1.18, it is prudent to observe the strength or weakness of the movements to determine the bullish rebound or the bearish breakout and continuation. </p><p class="MsoNormal">**Consider this risk management tip </p><p class="MsoNormal">**It is very important that risk management is done based on the capital and volume traded. For this, a risk of at least 1% of the capital is recommended. </p><p class="MsoNormal">Disclaimer: </p><p class="MsoNormal">This article does not constitute a recommendation to buy or sell financial products and should not be relied upon as a request or an offer to participate in a transaction. This document is the author's economic research and is not intended to constitute investment advice, or solicitation of securities transactions or any other type of investment by FBS.</p><p class="MsoNormal">Although every investment involves some degree of risk, the risk of loss from forex trading can be substantial. Therefore, if you are considering trading this market, you should be aware of the risks associated with this product so that you can make informed decisions before investing. The material presented here should not be construed as trading advice or strategy. All prices indicated in this report are for informational purposes only.</p> This article was written by ForexLive at forexlive.com.

<p class="MsoNormal">Global cryptocurrency payments solutions provider, <a href="https://capitalwallet.com/" target="_blank" rel="follow">Capital Wallet</a>, bagged the “Best Crypto Solution for Payments” award at the Finance Magnates London Summit (FMLS), held at Old Billingsgate, London, on November 21-23, 2022. </p><p class="MsoNormal">This win came close on the heels of the company winning the “Best Crypto Payment Solutions Provider” award at the Forex Expo, held in Dubai on October 19-20, 2022.</p><p class="MsoNormal">Being recognized by peers in the industry for its cryptocurrency solutions twice in a row was a big win for Capital Wallet. </p><p class="MsoNormal">It highlighted the company’s mission to create a global financial ecosystem based on transparency and fairness. </p><p class="MsoNormal">The awards are proof of the company's ability to innovate with blockchain tools to offer cryptocurrency payment processing systems that are effortless to use and allow seamless transactions.</p><p>A Valuable Experience</p><p class="MsoNormal">Capital Wallet participated at FMLS 2022 with great success, exhibiting its powerful cryptocurrency solutions to support business growth. </p><p class="MsoNormal">In addition, Executive Director of Capital Wallet, Abha Garg, led a key panel discussion on “Future of Payments: The Revolution Will Not Be Wired.” </p><p class="MsoNormal">Being part of one of the largest <a href="https://www.forexlive.com/terms/f/fintech/" target="_blank" id="8232560d-48e5-4659-ab47-f279df6145ae_1" class="terms__main-term">fintech</a> events in the world solidified the company’s position as a leading global player in the industry, with a view to disrupting the way transactions are conducted.</p><p class="MsoNormal">The Finance Magnates London Summit 2022 was also a very special event since it was the 10th edition of the conference. </p><p class="MsoNormal">FMLS is among the most awaited fintech events of the year, attended by more than 3,500 people. </p><p class="MsoNormal">The event has brought together more than 150 exhibitors and over 130 speakers. </p><p class="MsoNormal">The agenda was packed with insightful sessions, held by thought leaders and industry professionals of the financial world. </p><p class="MsoNormal">FMLS is an excellent opportunity for technology & liquidity providers, payments providers, retail and institutional brokers, banks, hedge funds, and other financial service providers to network, showcase their products and services, and grow their businesses.</p><p>“Being recognized for our cutting-edge crypto solutions is not just a huge reward for our consistent efforts to bring the best in technology to the payments space, but it is also a motivator for us to double our efforts to be a global market leader,” said Fotis Fotinias, Capital Wallet’s CEO. </p><p>A Mission to Ease Crypto Payments</p><p class="MsoNormal">Capital Wallet is focused on simplifying the exchange of cryptocurrencies and making digital currencies a convenient medium of transactions through cutting-edge payment solutions for merchants. </p><p class="MsoNormal">The company's solutions enable transactions in over 200 different cryptocurrencies with dedicated support from a highly skilled and experienced team.</p><p class="MsoNormal">The company has developed a powerful and comprehensive platform for merchants that does not require any third-party integrations. </p><p class="MsoNormal">With this solution, users can receive and then convert digital currencies in real time at the best available conversion rates. </p><p class="MsoNormal">With the hassle-free verification and onboarding process for merchants, along with the low processing charges on crypto payments, Capital Wallet simplifies the integration of cryptocurrency payment options.</p><p class="MsoNormal">To safeguard customers, Capital Wallet follows the highest security standards, including advanced encryption and an additional security layer to protect against malicious cyberattacks. Its all-in-one platform ensures seamless transactions without the need for any third-party integrations.</p><p>To learn more about Capital Wallet, please visit <a href="https://capitalwallet.com/eu/" target="_blank" rel="follow">https://capitalwallet.com</a></p> This article was written by ForexLive at forexlive.com.