Last week marked the consolidation for the most active assets of March 1-15 (which is oil and gold). But next week has a lot to show, be ready to take part!
GBP/USD: 144 MA acting as resistance
2019-11-11 • Updated
The 144 Moving Average is acting as resistance, so there're bearish patterns such a 'Shooting Star' and an 'Engulfing', which both have been confirmed. Thus, we should watch the nearest support at 1.2938 as the next target. If a pullback from this level happens next, there'll be a moment to have a local upward correction towards the previously tested resistance at 1.3119.
GBP/USD has managed to rise for the third trading day in a row including today’s Asian session, while the daily technical indicators are moving higher gradually.
Discover the outlook for EUR/USD, EUR/GBP, and GBP/USD.
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Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!