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: 'Double Top' pushed the market lower
2019-11-11 • Updated
There's a 'Double Top', which pushed the market lower. However, we've got a 'Thorn' pattern, so the price is likely going to reach the next resistance at 1.3143. A pullback from this level could be a starting point for a decline towards the nearest support at 1.3047 - 1.3032.
It's likely that we're going to have a local decline in the direction of the closest support at 1.3081 - 1.3072 in the coming hours. However, a pullback from this area could lead to forming a new 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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