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 'V-Top' pattern
2019-11-11 • Updated
There's a local 'V-Top', so the market is likely going to test the nearest support at 1.2811 - 1.2798 within the next few hours. A pullback from these levels could lead to a bullish price movement towards the next resistance at 1.2911 - 1.2935.
The market is consolidating along the Moving Averages. It's likely that the pair is going to test the closest support at 1.2811 - 1.2798. This area could be a departure point for an upward price movement to another resistance at 1.2911 - 1.2935.
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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