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 round resistance level 1.3000
2019-11-11 • Updated
- GBP/USD broke round resistance level 1.3000
- Next buy target - 1.3100
GBP/USD continues to rise inside the minor impulse wave 3 – which started earlier from the support area lying between the pivotal support level 1.2830 (which stopped earlier correction (ii) in July), lower daily Bollinger Band and the 38.2% Fibonacci correction of the previous sharp upward impulse wave from March. Having recently broken the round resistance level 1.3000, GBP/USD is expected to rise further, to next buy target at the next resistance level 1.3100.
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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