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 "Thorn"
2019-11-11 • Updated
We've got a bullish "Thorn", so the price is consolidating. In this case, we should keep an eye on the nearest support at 1.2705 as an intraday target. If a pullback from this level happens, bulls will probably try to test the next resistance at 1.2793 - 1.2830.
The price is consolidating between the levels 1.2768 - 1.2705. In this case, bears are likely going to reach the nearest support at 1.2705 during the day. If we see a pullback from this level, there'll be an option to have a new local high.
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.
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