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: 'Harami' led to decline
2019-11-11 • Updated
The pair has been declining since the last 'Harami' formed at the local high. Also, there's a bearish 'Three Methods' pattern, which has been confirmed by the price fixating below the 'Window' and Moving Averages. Thus, it's likely that the pair is going to continue declining towards the next support at 1.2658 in the coming days. The subsequent pullback from this level could lead to an upward correction in the direction of the previously tested 'Window' (1.2954).
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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