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 stopped by the last 'Thorn' pattern
2019-11-11 • Updated
Bulls have been stopped by the last 'Thorn' pattern, so we're likely going to have a decline towards the nearest support at 1.3137. If a pullback from this level happens little later on, there'll be a moment for another bullish price movement towards the next resistance at 1.3277 - 1.3297.
There's a local 'V-Top' pattern, which has been confirmed. So, we should keep an eye on the closest support at 1.3137 - 1.3124 as an intraday target. This area could be a starting point for an upward price movement to 1.3244 - 1.3277.
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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