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' pushing the price lower
2019-11-11 • Updated
The pair has been declining since the last 'Double Top' pattern formed. The main intraday target is the next support at 1.2910 - 1.2854. If a pullback from this area happens next, there'll be a moment for an upward correction towards the nearest resistance at 1.2946 - 1.2957.
The last 'Flag' pushed the pair lower. Also, there's a finished 'Pennant' pattern, so we should watch the closest support at 1.2889 - 1.2854 as a possible departure point for an upward correction.
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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