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, but the market is consolidating. However, considering the last 'Pennant' pattern, the pair is likely going to test the next resistance area at 1.4217 - 1.4243.
There's a 'Pennant' pattern, which upper side has been broken. So, there's an open door for a bullish price movement in the direction of the nearest resistance at 1.4199 - 1.4217.
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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