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 'Head & Shoulders'
2019-11-11 • Updated
There's a 'V-Bottom', so the market is moving up. It's likely that bulls are going to test the nearest important resistance at 1.3143 - 1.3177. This area could be a starting point for a decline towards another support at 1.3101 - 1.3082.
We've got a local 'Head & Shoulders', so the market is rising. The main intraday target is the next resistance at 1.3161 - 1.3177. A pullback from these levels could be a starting point for a decline in the direction of the closest support at 1.3101 - 1.3083.
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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