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: confirmed "Double Top"
2019-11-11 • Updated
We've got a "Thorn" pattern, which pushed the price to support at 1.2793. Meanwhile, the pair is likely going to test the next support at 1.2757. If a pullback from this level happens, there'll be an option to have an upward price movement in the direction of the local downtrend.
There's a "Double Top" pattern, which has been confirmed. Therefore, the pair is likely going to test the nearest support at 1.2757 during the day. At the same time, if we see a pullback from this level, bulls will have a green light to achieve the next resistance at 1.2860 - 1.2871.
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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