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" pattern pattern
2019-11-11 • Updated
There's a consolidation, which is taking place between the levels 1.3471 - 1.3344. Also, there's a 'Flag', so the market is likely going to reach the next resistance at 1.3471 - 1.3490 shortly. A pullback from this area could be a starting point for a bearish correction.
We've got a 'Triple Bottom', which has been confirmed. At the same time, bulls faced with resistance at 1.3419, so we're likely going to have a downward correction soon. The main intraday target is the closest support at 1.3380 - 1.3370.
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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