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 faced with support
2019-11-11 • Updated
There's a "V-Top" pattern, so the market is declining. Meanwhile, it's likely to have a local upward correction in the coming hours. If a pullback from the nearest resistance at 1.4011 - 1.4066 happens afterwards, there'll be a moment for a decline.
Bears faced with support at 1.3930, so we've got a "V-Bottom". In this case, it's likely to have a bullish price movement in the direction of the nearest resistance at 1.4011 - 1.4048 in the coming hours.
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.
This week, there are a few high-probability trade ideas I'd like to recommend to you. Trading these setups, be sure to implement a proper risk management approach.
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