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 to test closest resistance
2019-11-11 • Updated
The last 'Double Top' led to the current decline. Meanwhile, it's likely to have an upward correction towards the nearest resistance at 1.3253 - 1.3277. If we have a pullback from this area little later on, there'll be a moment to have another bearish rally.
It seems like there's a 'Thorn'. If this pattern confirms, it'll be time for an upward correction. So, we should keep an eye on the closest resistance at 1.3253 - 1.3277 as a possible starting point for a 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.
This week, there are a few high-probability trade ideas I'd like to recommend to you. Trading these setups, be sure to implement a proper risk management approach.
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