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' points to another bullish rally
2019-11-11 • Updated
There's a 'V-Top', so the price is declining. Even so, we should keep watching the nearest resistance at 1.3181 as the next bullish target. The following pullback from this level could lead to a downward correction to 1.3089 - 1.3047.
It seems like there's a 'Flag' pattern, which is about to end. In this case, it's likely that the pair is going to reach the closest resistance at 1.3181 within the next few hours. If a pullback from this level forms little later on, bears will probably try to deliver a downward 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.
This week, there are a few high-probability trade ideas I'd like to recommend to you. Trading these setups, be sure to implement a proper risk management approach.
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