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 between the Moving Averages
2019-11-11 • Updated
It seems like there's a 'Triple Bottom'. If this pattern confirms, the price is likely going to reach the nearest resistance at 1.3656 - 1.3711. A pullback from this area could be a starting point for a decline.
The price is consolidating between the Moving Averages. It's likely that the market is going to test the closest support at 1.3549 - 1.3531 within the next few hours. However, if a pullback from these levels forms afterwards, bulls will probably try to break the last local high.
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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