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 to reach the closest resistance
2019-11-11 • Updated
The pair faced with support at 1.3061, so it's likely to have a bullish correction in the direction of the nearest resistance at 1.3101 - 1.3143. Meanwhile, a pullback from these levels could be a starting point for a decline towards the next support at 1.3038 - 1.3026.
We've got a local 'V-Bottom', so bulls are likely going to reach the closest resistance at 1.3101 - 1.3126 in the coming hours. At the same time, if we see a pullback from this area afterwards, there'll be a green light for a bearish price movement in the direction of the last low.
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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