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: market moving sideways
2019-11-11 • Updated
The market is moving sideways. It's likely that the price is going to reach the next resistance at 1.3070 - 1.3090. A pullback from these levels could be a starting point for a bearish correction in the direction of another support at 1.2999 - 1.2974.
It's likely that we're going to have a 'Pennant' pattern. If so, the market is going to achieve the closest resistance at 1.3070 - 1.3090 soon. Meanwhile, if we have a pullback from this area, bears will probably try to test the nearest support at 1.2999 - 1.2974.
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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