Trade ideas for March 28 - April 1
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 broke key support level 1.0950
2019-11-11 • Updated
- GBP/USD broke key support level 1.0950
- Next sell target - 1.2800
GBP/USD continues to fall after the recent breakout of the key support level 1.0950 (which has reversed the price multiple times from the middle of September, as can be seen from the daily GBP/USD chart below). The breakout of the support level 1.0950 accelerated the active short-term impulse wave 3 of the medium-term impulse (3) from the start of June. GBP/USD is expected to fall further toward the next sell target at the next support level 1.2800 (target price for the completion of the active impulse wave 3).
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