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: 'Flag' pattern has been broken
2019-11-11 • Updated
The main trend is still bullish. It's likely that the pair is going to achieve the next resistance at 1.4262 - 1.4285 in the short term. Meanwhile, if a pullback from these levels forms afterwards, there'll be time for a downward correction.
The last 'Flag' pattern has been broken, so the price is rising. At the same time, we've got a 'V-Top' pattern. In this case, we should keep an eye on the closest support at 1.4171 - 1.4144 as an intraday target.
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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