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: bulls faced with resistance
2019-11-11 • Updated
Bulls faced with resistance at 1.3834, so there's a "V-Top" pattern. In this case, we should keep an eye on the closest support at 1.3730 as the next bearish target. If a pullback from this level happens, there'll be a moment to have a bullish price movement towards the nearest resistance at 1.3834 - 1.3913.
The price is consolidating between the levels 1.3843 - 1.3765. The main intraday target is the next resistance at 1.3819 - 1.3834. Meanwhile, if a pullback from this area happens, there'll be an opportunity to have a decline towards the closest support at 1.3730 - 1.3692.
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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