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: bears can't stop
2019-11-11 • Updated
Bulls found a resistance at 1.2522, so bears are likely going to reach the 89 Moving Average. If a pullback from this line be on the table, there’ll be an opportunity to have an upward price movement in the direction of a resistance at 1.2477 – 1.2506.
We’ve got a developing “Double Top”, so the market is likely going to decline towards a support at 1.2411 – 1.2382. Meanwhile, if a pullback from this area happens, bulls will probably try to test the 34 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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