EUR/USD has violated the first resistance trendline area 1.1680
GBP/USD: 89 Moving Average acted as support
2019-11-11 • Updated
The 89 Moving Average has acted as support, so there's a 'Thorn' pattern, which has been confirmed. In this case, it's likely that the pair is going to test the nearest resistance at 1.3175, which could be a starting point for a decline towards the next support at 1.3047 - 1.3032.
There's a 'V-Bottom', which pushed the price higher. The main intraday target is the closest important resistance at 1.3162. If a pullback from this level happens little later on, there'll be a moment ot have a bearish price movement towards another support at 1.3072 - 1.3058.
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