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
It seems like there's a 'Triple Bottom' pattern. So, the market is likely going to test the nearest resistance at 1.3612 - 1.3656 in the coming hours. Meanwhile, if a pullback from this area happens little later on, there'll be an opportunity to have another decline.
The 34 Moving Average has acted as resistance, so the price is moving sideways. Even so, after a short break, the pair is likely going to achieve the next resistance at 1.3606.
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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