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 price is still consolidating along the Moving Averages. Also, there's a "Triangle", so the market is likely going to achieve the closest resistance at 1.3419 - 1.3445. If we have a pullback from this area, bears will probably try to reach the nearest support at 1.3336 - 1.3319.
There's a consolidation, which is taking place under the Moving Averages. The main intraday target is the next resistance at 1.3417 - 1.3419. Meanwhile, if a pullback from this area happens, there'll be an opportunity to have a decline towards another support at 1.3369 - 1.3350.
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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