Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!
GBP/USD: a good chance for the British pound
2019-11-11 • Updated
TP1 1.3235 TP2 1.327 TP3 1.3315
On the daily chart of GBP/USD, the pair may test the diagonal resistance (the upper boundary of the downward channel). If bulls succeed, the pair will reach the 1.327-1.3315 convergence and the "Double bottom" pattern will be implemented.
On H1, after the pair reached the 88.6% target of the "Bat" pattern, a pullback happened. Usually, a break of 78.6% and 88.6% levels of the CD wave leads to the continuation of the upward movement.
It was an intense week across all the markets! We saw decent movements of major pairs, gas, stock indices, and oil prices. What should we trade this week? Time to check!
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