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: 89 Moving Average acting as support
2019-11-11 • Updated
The 89 Moving Average is acting as support, so the market is likely going to test the nearest resistance at 1.3454. If a pullback from this level happens, we could have a decline towards another support at 1.3369.
The price is consolidating above the Moving Averages. The main intraday target is the next resistance at 1.3430 - 1.3447, which could be a departure point for a downward price movement in the direction of the 89 Moving Average.
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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