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 is heading towards support
2019-11-11 • Updated
The price is testing the 89 Moving Average. The main intraday target is the nearest support at 1.3741. If a pullback from this level happens, we could have an upward price movement towards the 89 Moving Average.
There's a "Pennant" pattern, so the market is likely going to achieve the closest support at 1.3804 - 1.3741. However, if a pullback from this area is on the table, bulls will probably try to reach the next resistance at 1.3834 - 1.3895.
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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