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 along MA
2019-11-11 • Updated
All the Moving Averages have been broken. Meanwhile, it's likely that the pair is going to test the nearest resistance at 1.4011 - 1.4066. If a pullback from these levels happens afterwards, we could have a bearish price movement in the direction of another support at 1.3915 - 1.3835.
The price is consolidating along the Moving Averages. The main intraday target is the closest support at 1.3930, which could be a departure point for a bullish price movement towards the nearest resistance at 1.4011 - 1.4048.
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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