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 support
2019-11-11 • Updated
The 34 Moving Average has acted as support, so there's a "Double Bottom" pattern. In this case, the price is likely going to achieve the closest resistance area at 1.4284 - 1.4344.
There's a local "V-Top" pattern, so the pair is likely going to test the 89 Moving Average. This line could be a departure point for an upward price movement in the direction of the next resistance at 1.4284 - 1.4344.
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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