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: main trend is still bullish
2019-11-11 • Updated
The main trend is still bullish. It's likely that the market is going to test the 34 Moving Average soon. A pullback from this line could be a departure point for a decline in the direction of the next support at 1.3982 - 1.3228.
All the Moving Averages have been broken, but there's a 'Thorn' pattern, so the pair is likely going to test the nearest resistance at 1.4049. If a pullback from this level happens afterwards, there'll be a moment for another decline.
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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