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: 34 Moving Average acted as resistance
2019-11-11 • Updated
The 34 Moving Average has acted as resistance, so there's a developing bearish correction. Also, we've got a local 'Double Bottom', so the price is likely going to test the next resistance at 1.3189.
The market is consolidating along the Moving Average. Considering the last 'Double Bottom', the pair is likely going to test another resistance at 1.3157 - 1.3189 within the next few hours.
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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