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: local bullish 'Thorn'
2019-11-11 • Updated
We've got a bullish 'Thorn', so the market is likely going to reach the closest resistance at 1.3253. Meanwhile, if a pullback from this level happens next, there'll be an opportunity to have a decline towards the next support at 1.3170 - 1.3143.
The price is rising because of the last 'V-Bottom' pattern. In this case, we should keep an eye on the closest resistance at 1.3253. If a pullback from this level happens next, bears will probably try to reach the closest important support at 1.3170 - 1.3143.
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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Last week brought a selloff in markets. Some assets reached the most crucial support levels and are likely to reverse in a short term. Be ahead of trends and make the most out of this week!