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 to test the next support
2019-11-11 • Updated
The pair found support at 1.3928, so there's a consolidation, which is taking place on the four-hour chart. Nevertheless, bears are likely going to test the next support at 1.3888 - 1.3873 in the coming hours.
There's an opportunity to have a local upward correction because the pair faced with support at 1.3928. So, we should keep an eye on the nearest resistance at 1.3964 - 1.3982, which could be a departure point for another decline.
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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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Hello again my friends, it’s time for another episode of “What to Trade,” this time, for the month of April. As usual, I present to you some of my most anticipated trade ideas for the month of April, according to my technical analysis style. I therefore encourage you to do your due diligence, as always, and manage your risks appropriately.
Bearish scenario: Sell below 1.0820 / 1.0841... Bullish scenario: Buy above 1.0827...