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: bullish "Triangle"
2019-11-11 • Updated
The 34 Moving Average is acting as a support. Also, we’ve got a “Triangle”, so we should keep an eye on a resistance at 1.2547 as an intraday target. If a pullback from this level happens, the pair is likely going to get a support on the 89 Moving Average.
The price is still consolidating along the Moving Averages. Considering the “Triangle”, bears are likely going to achieve a support at 1.2469 – 1.2448 during the day. Nevertheless, bulls will probably try to reach a resistance at 1.2497 – 1.2506 afterwards.
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