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: bullish "Flag"
2019-11-11 • Updated
The Moving Averages are acting as resistance. Nevertheless, the pair is likely going to test the next resistance at 1.3278 - 1.3311 in the short term. If we have a pullback from this area, there'll be an option to have a decline towards the closest support at 1.3227 - 1.3182.
There's a bullish "Flag" pattern, so the market is likely going to test the nearest resistance at 1.3278 - 1.3286 in the coming hours. This area could be a departure point for a bearish correction towards the closest support at 1.3208 - 1.3182.
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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