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: no any bullish pattern so far
2019-11-11 • Updated
The pair is consolidating between the levels 1.3047 - 1.3114. The 34 Moving Average has acted as support, but there's no any bullish pattern so far. In this case, the price is likely going to reach the 89 Moving Average in the coming hours. The subsequent pullback from this line could lead to another bullish rally.
There's consolidation, which is taking place under the Moving Averages. The main intraday target is the next support at 1.2999 - 1.2971. If a pullback from these lines happens little later on, bulls will probably try to test the closest resistance at 1.3072, which is near the Moving Averages.
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.
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