Trade ideas for March 28 - April 1
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 last 'Double Top' led to the current decline. The main intraday target is the next support at 1.2763 - 1.2722. If a pullback from this area happens next, there'll be a moment for a bullish correction in the direction of the nearest resistance at 1.2880 - 1.2911.
The 34 Moving Average has acted as resistance. It's likely that the pair is going to test the closest resistance at 1.2870 - 1.2880 during the day. A pullback from these levels could be a departure point for a decline towards the next support at 1.2763 - 1.2722.
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