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 "Thorn" pattern
2019-11-11 • Updated
The price found resistance at 1.3234, so we should keep an eye on the nearest support at 1.3158 as an intraday bearish target. If a pullback from this level arrived afterwards, there'll be an option to have another bullish rally towards the next resistance at 1.3277.
We've got a "Thorn" pattern, which has been confirmed. So, the pair is likely going to test the closest support at 1.3184 - 1.3175 during the day. Meanwhile, if a pullback from this area happens, bulls will probably try to reach another resistance at 1.3234 - 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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