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: consolidation above MA
2019-11-11 • Updated
The price is consolidating above the Moving Averages. It's likely that the pair is going to test the closest support at 1.3928. However, if a pullback from this level happens, bulls will probably try to reach the next resistance at 1.3996 - 1.4069.
There's a consolidation, which is taking place near the 34 Moving Average. The main intraday target is the nearest support at 1.3928 - 1.3911. This area could be a departure point for a bullish price movement towards another resistance at 1.3996 - 1.4023.
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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