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 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.
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