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: All Moving Averages broken
2019-11-11 • Updated
There's a local 'Double Bottom', so the pair is likely going to reach the closest resistance at 1.3450. If we have a pullback from this level, there'll be a green light for a decline towards another support at 1.3344 - 1.3300.
All the Moving Averages have been broken. The main intraday target is the next resistance at 1.3419 - 1.3450. This area could be a starting point for a bearish correction.
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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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!