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 'Triple Top'
2019-11-11 • Updated
There's a 'V-Top' pattern, so there's an opportunity to have a local bearish correction. The main intraday target is the nearest support at 1.2927 - 1.2883. If a pullback from this area happens next, there'll be a moment for another bullish rally towards the next resistance at 1.3032 - 1.3047.
We've got a 'Triple Top' pattern, which has been confirmed. Thus, there's a moment for a bearish correction, so we should watch the closest support at 1.2857 - 1.2930 as a target. Meanwhile, a pullback from these levels could be a starting point for an upward price movement in the direction of 1.3032 - 1.3047.
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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