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 strong support zone
2019-11-11 • Updated
- GBP/USD broke strong support zone
- Next sell target - 1.2800
GBP/USD continues to fall after the recent breakout of the the support zone lying between the key support level 1.2960 (which stopped the previous minor correction (iv) in the middle of July), support trendline of the daily Rising Wedge from February and 50% Fibonacci retracement of the previous sharp upward impulse 1 from the end of June. The breakout of this support zone accelerated the active minor ABC correction 2. GBP/USD is expected to fall to next sell target at the next support level 1.2800.
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.
The energy industry has undergone several major changes in the XXI that are becoming increasingly apparent…
In the dynamic world of financial trading, understanding the nuanced relationship between the Federal Reserve's key interest rates and Bitcoin can be a game-changer…
As the US Non-Farm Payrolls (NFP) take center stage, this month's data gains special attention, particularly after the unemployment rate took a concerning turn in the previous month. The US ADP Employment Change reveals a significant decline, with the economy adding 298K new jobs...