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: bearish 'Harami' pattern
2019-11-11 • Updated
There's a bearish 'Harami' pattern, which has been confirmed enough. Also, the 55 Moving Average has acted as support once again, but there's no any reversal pattern so far. In this case, the pair is likely going to achieve the lower 'Window' (1.2953) in the coming days. If a pullback from this level happens next, bulls will probably try to reach the previously tested resistance at 1.3359.
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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Next week, we expect the BOC rate statement, the OPEC+ meeting, and the Nonfarm payrolls release. Let's look at the opportunities in detail!
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