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 'V-Top' pattern
2019-11-11 • Updated
The market is consolidating along the Moving Averages. Previously, we had a 'Thorn' pattern. There's also a 'V-Top', which has been confirmed, so the price is likely going to test the next support at 1.2953 - 1.2930 within the next few hours.
There's another pullback from 1.3020, so we've got a 'V-Top' pattern, which has confirmation. In this case, it's likely to have a decline shortly. In this case, we should watch the nearest support at 1.2953 - 1.2930 as an intraday target.
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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