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 the lower 'Window'
2019-11-11 • Updated
The market is consolidating along the Moving Averages. Previously, we had a 'Three Methods' pattern, which has been confirmed. It's likely that the pair is going to test the lower 'Window' (1.2936) soon, which could be a departure point for a local upward correction towards the nearest resistance at 1.3036. If a pullback from this level happens next and the price brokes the 'Window', there'll be an opportunity to have a decline in the direction of the closest important support at 1.2775.
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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