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
There's a bullish 'Flag', so the pair is likely going to reach the next resistance 1.3450 - 1.3471. However, if a pullback from this area happens next, there'll be a moment to have a decline towards the closest support at 1.3300 - 1.3344.
The market has broken all the Moving Averages on the one-hour chart. At the same time, we're likely going to have a local downward correction towards the nearest support at 1.3380. A pullback from this level could be a starting point for another upward price movement.
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.