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 next resistance
2019-11-11 • Updated
There's a new local high. It's likely that the market is going to test the next resistance at 1.3102 - 1.3143 in the coming hours. A pullback from this area could be a starting point for a decline towards the closest support at 1.3047 - 1.3027.
The last 'Pennant' pushed the pair higher. Nevertheless, we could have a local downward correction in the short term. In this case, we should keep an eye on the nearest support at 1.3032 - 1.3027 as a target for another bullish rally.
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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