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
The pair is consolidating between the levels 1.3457 - 1.3612. It seems like there's a 'V-Top' pattern. In this case, the market is likely going to test the next support at 1.3457 - 1.3419 soon.
There's a 'Double Top' pattern, which has been formed on the 89 Moving Average, so the price is declining. The nearest bearish target is the closest support area at 1.3450 - 1.3419.
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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